Kirkland Lake Gold Ltd. T.KL

Merger of Equals?

[raglo]

when merger was announced gold was trading at $1740, KL at $45 and AEM at $50 , now with gold at $1845 KL is at $42 but AEM at $54
so with gold trading $100 higher but KL has lost $3/sh and  AEM has gained $4, so those are the facts and an inconvinient truth.
This is not difficult, what shareholders get the better deal? Merger of Equals! Bah Humbug.

[ghostzapper]

The only reason why I own it right now is it is held in taxable accounts, otherwise I would have blown it out as I did in nontaxable accounts.  From the get go I viewed it as a take under deal. 

[vila]

Maybe the market doesn't like the result of the negotiation of this merger. Description as a ripoff and a signal to mistrust looks justified when you think about it. Felicitation to AEM negotiators and shareholders for the advantageous agreement.

[Quintessential1]

So you don't see a nice opportunity to add more KL here? I already voted no but expect the deal to go through so I am looking to add for 2 reasons 1. KL is trading at a discount to AEM even with the lousy .7935 ratio. 2.  The amount of shares I want to add will bring me to a nice even number of AEM shares after       and will reduce my uncompensated share remainder

[raglo]

No do not plan to add, have been a shareholder since $4 was also a share holder of newmarket, so hold a fair position, will be voting no on the day of the meeting, and not before, hope that all that dont like the deal do the same, remember they need 60% in favour to pass so let them guess till the meeting, this is high stakes.  As I said before, have no problem with merger, it does make sense

[BuccaneerIslanZ]

This post has been removed in accordance with Community Policy

[Antonyius]

Pretty much done the same as you. Voted no but I held onto my shares in registered accounts to see what happens.