Kirkland Lake Gold Ltd. T.KL

Only $450 million break fee

[templetooth2]

That works out to only $1.70 per share.

The parties are being overly generous in setting such a low hurdle!  I'm sure all you holders who think this is worth north of 60 will be vindicated within hours as every other miner on the planet lines up to outbid these Agnico Amateurs.

[westcoast2019]

With AEM not holding any current Australian properties as far as I know. Newcrest could indeed go joint venture with Barrick especially (scince Barrick expressed interest in growing in Canada) . The current offer values KL close to $11B US.   I think the wheeling and dealing is along ways from over. Fosterville would be a jewel for Newcrest to complement its current operations, a

[johnathamilton]

Good points - perhaps the reason for the $450MM break fee is because it is a lowball offer. New offers come in higher, AEM gets the $450MM for being a stalking horse, and Tony gets his change of control bonus afterall? Or is this just a wild conspiracy theory?