Interesting part of the E-Letter on the 27 of SeptemberBarry Holmes From Teuton (E-Letter from September 27)
Will Treaty Creek be Developed or Sold?
With six diamond drills turning 24/7, Tudor Gold is aggressively polishing the Treaty Creek Jewel to fit in someone else’s crown. So yes... if a fair offer for this incredible resource is received, it is the intent of Tudor,Teuton & AMK to analyze and negotiate acceptable terms that would tentatively lead to the acceptance of afair and reasonable offer. Tudor and AMK would then exit. Teuton would remain attached via the 0.98% NSR.
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Par Value – or – Bidding War?
It is anticipated – but not guaranteed – that such a Buyout / Take-over offer may present itself within 6-24 months after receiving the Initial RE. The first offer may trigger competing bids.
When two or three companies are quietly watching from the shadows as a project evolves, then one steps out of the shadows with a bid... another major may step in with a higher competing bid.
An important consideration for The Three Amigo’s is...
don’t allow negotiations to be constrained by a ‘break fee’.
Listen to an edited audio-clip from one of the most successful and respected men in the gold royalty business...
Mr. Pierre Lassonde, chair emeritus of Franco-Nevada.
This audio-clip is from a KITCO interview Pierre had with David Lin, Tuesday September 15, 2020.
Go to ‘KITCO.com’ if you wish to listen to the full interview.
Click on the KITCO image to hear the 4 minute audio-clip.
At the 3:35 point Mr. Lassonde stated the following:
(points below are my notes taken from the video):
When gold gets to $2,400 there will be a lot of M&A activity.
• 1-3 Moz resource acquisition bids will be at ‘Par’
• 3-5 Moz gold resources will get a ‘premium bid’
• For 5-10-15 Moz projects... there will be a ‘BIDDING war’.
Pierre also confirms the huge shortage of reserves in the major
producer pipelines.
What a great way to end an E-Letter.
Barry.
Barry Holmes, MBA
Commercial Helicopter Pilot, Ret.
Director Corporate Development and Communications
TEUTON RESOURCES CORPORATION
(778) 430-5680