RE:RE:RE:RE:RE:RE:Where is our dear friend Jin?I am sure he's looking at it, so are probably 10 other companies as we speak.
KL could pay cash given the price to close a deal.
They probably did look at it last year, but went with Detour to get the close to 16 million ounces and lock that in (was the right thing to do!).
OSK is still over $ 1 B, probably more $ 1.3 B to $ 1.4 B to get that group to settle on a sale price versus PGM in the few hundred millions.
Good news is KL has a nice OSK chunk, so OSK slightly shielded from any acquirers. I do like OSK too.
JIN
RosewoodRooftop wrote: JintsuGehan wrote: No..this is normal for a resource development co. PGM is 100 % fully funded to first gold pour in Fall 2020. No more dilution for the foreseeable future. So 360 million share float is not bad.
And IF taken over, no big deal.
See how well B2Gold is performing these days...Clive Johnson re-did the same thing he did at Bema Gold but even better...took over 13 years to get it to this level of excellence, but look at where B2Gold is now at around 1.05 M estimated gold production this year at some of the industry's lowest AISC (now lower than Kirkland)....but a big share float over 1 B.
Now that dividend has been doubled...next step later in the year will be to introduce a NCIB for buy back at B2.
JIN
lsjblade wrote:
just a small remark jin,, don't you find that the flaot is to big at 360 million?
I will tell Bristow to buy it for Rosey.
Rosey