RE:RE:RE:RE:RE:RE:RE:RE:Life..crazytimes wrote: Goldnorte... Your guess is as good as mine. We are in shark infested waters here. If I knew where the gold price would be by the time this deal closes it would help. Since I don't, so far the best plan I could come up with is to sell some and hold some. lol. That way I will have locked in some of the gains if it sells off, but if there is another offer or gold continues to run I can share in some of the gravy. Just my opinion. PS: I really thought we had a big winner here in Magino, looks like Alamos agreed with me.
"I really thought we had a big winner here in Magino."
We do have a big winner here the problem is AR is just to small and broke of a company to have done this project and even with that have managed to get it done. And now that we are complete and pouring lots of gold the vultures are circling.
The vote to approve the deal is not until June 24th. so there is lots of time for other mid tier or major gold miners who can also see the deal here that Alamos is getting. $550 million Cdn. for a mine that cost $1.5 billion to build when you include the cost of buying the property.
For that $550 million plus another lets say $100 million for expansion for a total of aprox. $$650 million Alamos will be getting a mine that will bring them aprox. $400 million per year in annual profits before savings in synergies.
I am sure in the next three months that other miners will be looking to get in on this steal and i would be surprised if this is the final sale prife for Magino.