RE:RE:RE:RE:RE:RE:Top insider for junior miners If AEM is looking to buy De Grey for a premium above its present $3.2B price for a 10M oz ($320 per Au oz) open pit mining deposit with room for expansion in Australia...how much can LME ask for for a similar type deposit in Canada?
AEM was accessing their data room for a while and submitted their proposal...sounds similar to what may be happening behind the scenes at LME.
note de grey has 2.4 BILLION outstanding shares. Checking out the chart you can see a spike in volume and price starting in may 2024. According to yahoo finance they have 22% insider and 38% institutional ownership
Read below...
De Grey Mining (winner of our 2023 Discovery Award) is back in focus, with the latest talk being that Agnico Eagle has submitted a buyout proposal for the $3.2bn Australian listed gold miner.
Gold miner De Grey De Grey has been the subject of potential takeover activity for more than a year
De Grey declined to comment on the latest speculation that a proposal went into its offices from Agnico Eagle in recent days.
But it comes after months of talk that Agnico Eagle was focused on the target and wants to make an acquisition.
It’s also come to light that in the past 18 months De Grey has opened a data room for interested parties that may have been suitable for some sort of potential deal, which may have included arrangements such as joint ventures
https://x.com/wmiddelkoop/status/1839266159595495862?s=46&t=BQI0yz1feQq1ecYlHT_naA