RE:Agnico and Kirkland merge.
A couple of thoughts:
Deal isn't finalized until December at earliest, possibly 2022.
That gives MGM time to increase resource estimate to 4.8M oz. or more.
4.8M would be 10% of the merged company's total oz.
With a 10% increase in their total oz. right in their backyard obviously a takeout target.
They will have $2.3B in liquidity, so how about spending some of that on MGM.
How much? We don't know yet, but I'm thinking once this all sinks in investors will want to buy an ideal takeout candidate and the share price will rise.
Ideal situation in my mind is they give a good price for Douay and leave MGM with Joutel Eagle to mine.
Other ideas?
Cheers to all,
BG3