RE:kirkland will place a takeover bid of Wallbridge Lots of good things on Sprott Money this week.
I liked Eric's comments re Fed REPO now over $100B /day and (not QE) growing rapidly. It's not QE it's just Balance Sheet Expansion . Eric's comments – the important thing about the FED's Balance Sheet is the “B” and the “S”.
Also liked his take on AEM's earnings blowout saying he expects KL's 3Q earnings to be double AEM's.
RE Eric's comments on WM Fenelon property possibly being World Class. I think KL should take them out now before others get too interested. I know its risky because the deposit is not proven yet but if they wait too long they might pay a lot more. Possibly they could go to AEM which has Quebec properties and suggest a 50-50 Partnership to keep the price and risk of loss down each could offer some shares and some $. I think a combined offer of $1 CAD of shares and $ would take WM out now but not for long. If WM becomes a major deposit in next couple of years then KL's reserve problem is solved and KL valuation should rise dramatically. KL could own ½ of WM now for some shares and one Q of earnings if they went that way.
Disclosure: I have shares in WM so I'm biased, it's probably actully better for me if WM stands alone for now until their share price goes up. If