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Bullboard - Stock Discussion Forum Kirkland Lake Gold Ltd. T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's... see more

TSX:KL - Post Discussion

Kirkland Lake Gold Ltd. > Sweeten the Deal!
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Post by Quintessential1 on Oct 02, 2021 9:34am

Sweeten the Deal!

I can see the value in the combined companies and I can see a much better valuation for the combined entity in the future but AEM is not fairly compensating KL shareholders for the value that KL is worth today.  For that reason I am still inclined to vote no for this deal and I am hoping most institutional investors will to as they are probably going to be the deciding voters.

I believe the break fee will be a deciding factor.  If it does not get triggered by a KL shareholder no vote I see no reason for KL shareholders not to vote no and that includes institutional shareholders. 

I am eagerly awaitng the publishing of the details and conditions of this deal.
Comment by Bucconeer on Oct 02, 2021 9:43am
This post has been removed in accordance with Community Policy
Comment by Quintessential1 on Oct 02, 2021 11:05am
So I will know what the conditions of the break fee are.
Comment by Bucconeer on Oct 02, 2021 11:06am
This post has been removed in accordance with Community Policy
Comment by goldstd69 on Oct 02, 2021 11:26am
This is a done deal. I would have thought KL deserved a higher offer but for the medium/long term KL shareholders will do fine.  jmho
Comment by Quintessential1 on Oct 02, 2021 5:05pm
Yeah that hasn't been my experience and isn't always true but I hope it is in this case.