RE:RE:RE:RE:RE:RE:Latest Crux Investor Interview with John McConnellOCB1234 wrote: kegman wrote: I just wish it was't CDE that had 19%. They have no pull as they have their own issues. Can they force a takeover? Doubt it. I would think they (CDE)are ripe for a takeout at their present price.
Coeur Mining was the first qualifying insider to NOT get a respresentative on the Victoria Board since McConnell took over as President & CEO in February of 2011. Shows just how little McConnell, etal thought of their intrusive investment. As respects being taken over, Krebs accumulates assets that all eventually fail and are given away via fire sales, doesn't make money and has lost 85% of shareholder value since taking over the helm in July 2011 (just a couple months after McConnell), so who in their right mind would want to buy them even at current prices?!
Here goes OCB again Paramount acquistion integrated into Palmarejo has that mine free cash flow positive since 2017.,
The Northern Empire acquisition ffor Sterling/Crown permitted and now four deposits is over one million ozs of high grade, run of mine Nevada gold. with 88% recovery.
The purchase of Alios for ex Rye Patch deposits being intergrated into Rochestor 1km from processing.They paid 19 millioni for 2 million gold and 40 million silver..Silvertip now one of the Worlds highest grade silver,lead zinc mines..
And Preciosa Krebs first acquisition and still not finalized sale is in reality a quasi partnership with Avino Silver &Gold..with Coeur getting cash, 16% of Avino,2 NSR's and 0.50 on every ounce added to N43-101 up to 50million..Total value 94 million. excluding 2 NSRs..
The fire sale that OCB is alluding to was San Bartolome in Bolivia bought by previous CEO and was inherited by Krebs in 2011 when he took over-sold because of politcal unrest and a Mining Minister murder by strikers.Morales blowback focused on Coeurs thid party contracts..
Beware of any OCB posts as they are flagrantly false and misleading..Coeur has issues what miner doesn't.Highly leveraged to PM's and in the middle of 450million build, plus valuation is difficult of Silvertip and another large spend on mill expansion..
Coeur had record free cash flow Kensington Mine (62m FCF) Wharf Mine(74m FCF) in 2020 and Palmarejo Mine in a three quarter( 94m FCF) covid shortened 2020..