RE:RE:'re newsGood post.
This is same thinking I had. Any suitor wants nothing to do with Nicaragua, the blockades, political risk, etc.
These are very high cost mines, big deal with the El Limon Central. Still needs to be developed since around 8 g/ton...yes looks nice but then the CAPEX.
B2Gold will save tons in CAPEX not doing any more business in Nicaragua (besides being a 31 % Calibre shareholder). Calibre does have an amazing team with the guys from Newmarket.
B2Gold's annualized AISC will drop quite significantly now. Makes them much more appealing to a suitor like Barrick as Bristow does love Fekola. And with POG rising, don't be surprised if a deal in 2-3 months to take over BTO.
They will indeed lose 155 K of production, maybe they get back 75 K of this with Fekola expansion in 2020. But they will save a lot on cost side and have lower AISC
and more cash flow with the 75 K EXTRA oz. at Fekola. NET, it will be a big positive.
Regards,
JIN
loonietunes wrote: Funding for Gramalote, not their style? Has the go forward been decided? After getting the Nicaragua mines parked the cash will start to flow the bottom line debt reduction. Have we become a takeout candidate we are definately vulnerable-Co.? takes us over. Pays the premium to The Clive et- al spin co. comes out ton of cash same as Bema is B3 Gold on the horizon time will tell. Just a thought-I think I'm watching a rerun