THREE OUTCOMES POSSIBLE1. Merger goes through at current peg
2. Interloper bid and then ensuing bidding war. (market odds are now on this)
3. Merger goes through at current peg, and Barrick comes in to buy the merged AEM 2.0 down the road, since Mark Bristow wants Detour 110 %. By then gold price should have appreciated, and Barrick can do a mostly all-share deal and pay a portion in fiat.
Tony & Sean should have done the peg at Friday's close at roughly $ 54.00 if they didn't want to get such backlash from retail.
Not their fault news leaked Sunday, so the Monday's trading should not count to the peg calculation.
They should have taken Friday's close! Which is what today's trading is heading towards.
In any event, KL merging with AEM is the best possible combination in the space, however ensure the peg is fair to existing shareholders if a "true merger of equals."
Good luck to all. I have not sold anything.
Patience here will be the payoff.
Regards,
JIN