Post by
brewster123 on Jul 21, 2021 8:57am
Who could buyout BTO?
Barrick is in Mali. At BTOs current SP it would be cheap for Barrick to get 1million ounces of additional production.
Comment by
tootall123 on Jul 21, 2021 9:49am
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Comment by
ASHRAM on Jul 21, 2021 3:55pm
last 5 years all gold stocks want merger of equals no body pay primum.only in juniors they pay 20% or30%.bto will not sell at these prices.
Comment by
brewster123 on Jul 22, 2021 8:42am
An offer of $8-10 would just have to convince 51% to sell. That may be a premium on today's SP but $5 is certainly not FMV so $8-10 would be a reasonable price that some might accept.
Comment by
Aurum1983 on Jul 22, 2021 8:50am
You need 2/3 vote I think and $8-10 won't even pass the board IMO. Clive has been quite clear that he is not interested.
Comment by
ASHRAM on Jul 22, 2021 10:25am
bto has enough cash flo and there mines are doing good and gold price will only go up from here .why they will sell at $8 or $9. this is the best time to buy some junior projects at rock bottom prices.
Comment by
WanTBe1 on Jul 21, 2021 9:51am
Barrick would also be my choice.
Comment by
Aurum1983 on Jul 21, 2021 11:46am
I recall that idea has been floated before and Clive was not interested.