Post by
Donhow on Dec 30, 2021 2:16pm
Future of GBRr
My take is that until the takeover of kinross by a major is complete GBRR will go sideways or down. Kinross used all their cash and then some to buy gbr. They even stated they were planning to finance at least part with future cash flow. So they can't build a mine. Once they have completed the deal and own gbr the majors are free to bid on kinross without a shareholder revolt since resource estimate would be in with kinross. All the majors are trying to curry favour with the big investment funds so they won't bid until it's part of kinross. The only problem is that the recent takeovers have been at small premiums.(see the aem-kl deal -10 million new measured and indicated oz for 0$)
Anyway once kinross is gone this should take off.
Comment by
ghostzapper on Jan 03, 2022 9:50pm
It takes 2 to tango and Kinross may not be interested in selling at a small premium.