RE:RE:RE:RE:KL and MKR
JRafflesUK wrote: OK, what are they gonna do with all that US cash which is just piling up but at the same time depreciating! KL is gonna be forced into buying a producing asset IMHO :-))!
Since KL did not dispose of their BTR holding simultaneously with OSK, then they could plan to extend that mill and get some trucks to haul ore from Gladiator & Barry. This project is at least shovel ready, but needs working cap.
Alternatively, buy backs to erode the shares issued to purchase Detour will always be better than sitting on US fiat money.
With Detour sitting on reserves amounting to a couple of decades of production, the rationale for overpaying for Wallbridge needs to be considered.
Its about spiking the grade with wm.
Eh 52, you grow a beain yet?
CT