RE:RE:RE:RE:RE:RE:RE:RE:RE:Strange dealYour Math is flawed.
They are paying 2.5B for the Alacer...which is 77% of their total companies value.
The fact that they are paying .33 of an SSR share is meaningless....as the share float size of Alacer and SSR are the same. That would only matter if the share floats were exactly the same.
Can't see another coming in to buy at this point. At least SSR posted some very nice numbers today at profit up 400 percent over last year....and we should see another nice POP in the Alacer share price. As they rise we rise with them.
SSR is another great company...actually only ranked one behind Alacer for most successful in 2019....the combo is very powerful.
I have been buying gold companies for many many years....and have been burnt many many times by difficult governments making my asset border line worthless. In this world turned upside down who knows how desparate Turkey will get to nationalize/heavily tax...as they need the income bad. They also don't have control of th virus ....they are one of the worst.
Now is the time to likely minimize mine jurisdiction risk...and we just had that done for us...by one of the best operators in the world.
SSR has great mines in great jurisdictions. I also was dissappointed as everyone would be we did not get a premium. I do suspect the 15-20 percent runnup the week prior to the deal with a flat gold price was largely due to leakage of a deal coming....so we likely did get that.