Detour aquisition may be bought for less than $1b in cash?As shown on the Stockhouse Insiders tab, KL has paid out ~ C$100m in share buy back in the last week.
At this rate, with the SP falling, if the SP spiked down to $10, then KL could theoretically buy back for cash, all the shares issued to Detour and have the 600m ounce mine bought for less than $1bn.
Insiders
Name:
Kirkland Lake Gold Ltd.
Transaction:
All
Select Year:
All | | Date | Name | Shares Traded | Value | Shares Held |
| | 2020-03-06 | Kirkland Lake Gold Ltd. | 206,700 | $9,541,272.00 | 206,700 |
| | 2020-03-06 | Kirkland Lake Gold Ltd. | -206,700 | $0.00 | 0 |
| | 2020-03-05 | Kirkland Lake Gold Ltd. | 206,700 | $9,902,997.00 | 206,700 |
| | 2020-03-05 | Kirkland Lake Gold Ltd. | -206,700 | $0.00 | 0 |
| | 2020-03-04 | Kirkland Lake Gold Ltd. | 206,700 | $9,663,225.00 | 206,700 |
| | 2020-03-04 | Kirkland Lake Gold Ltd. | -206,700 | $0.00 | 0 |
| | 2020-03-03 | Kirkland Lake Gold Ltd. | 206,700 | $9,539,205.00 | 206,700 |
| | 2020-03-03 | Kirkland Lake Gold Ltd. | -206,700 | $0.00 | 0 |
| | 2020-03-02 | Kirkland Lake Gold Ltd. | 2,024,200 | $88,538,512.00 | 2,024,200 |
| | 2020-03-02 | Kirkland Lake Gold Ltd. | -2,024,200 | $0.00 | 0 |
Total shares bought back in last week = 2.10688m