RE:RE:.795 of one Agnico sharerusselltfloyd wrote: That's what KL shareholders get! Do you want this guy on our Board of Directors!! I don't . GLTAL WALLBRIDGE INVESTORS WE DON'T NEED ANYBODY! WALLBRIDGE is the REAL DETOUR
So if wm doesn't need anyone then the only answers are dilution and or debt to build an actual mine. Detour is an actual mine, you know, with a mill and stuff. And cash flow positive.
AEM closed yesterday at $57.89 us Multiplied by 0.7935 = $45.935
KL Gold closed the day at 46.35
So with that we see a small uptick. Not enough in my opinion. One of the many questions that I have is who asked who to the dance?
The following quote pulled from the article in Moning.com needs extreme scrutiny. What is Tony talking about? I say lets sit down and get that statement explained in detail.
“Kirkland Lake Gold has a track record of growing itself as a company,” he said. “In making a premium deal, you have to see new value that can be created. If we insisted on a premium, it’s the same as me saying to shareholders we haven’t created the value we could have for you.” If Tony's statement is correct ;.....then Sean Boyd must be out of his mind taking on KL as by Tony's words there is no more value to create. If I were Sean I would certainly be having a "Hmmm" moment. The boiler plate reasons that they put forth in support of this merger is "MEH" and can be applied to any deal or merger in any sector. I feel that SPROTT without actually saying it but more so by his pull out of KL prior to this announcement says it all by his action. I am not sure what my fellow investors feel but IMHO KL had ( past tense ) many more opportunities to create growth and long term value. If nothing else the share exchange should have been a share for a share. ( one to one ) Let's remember that it was SPROTT that lay the foundation of KL'S epic rise to success;.....Someone else came along for the ride. This is all IMHO of course so with that said GLTA
Dutch