Post by
Shermandrock1 on Nov 27, 2019 10:10am
Now that Blackrock <10%, Agnico can initiate
its acquisition in stealth mode. Kindly keep in mind that for every seller, there is a buyer. Where exactly have those 3M Blackrock divested shares gone? Retail? Perhaps but the delayed performance likely put a damper on that stream. Someone is building a position. Also keep in mind that RBC cannot be considered "strong hands". These folks, not only staring down the barrel of foeced liquidation, have taken a sizeable hit to their invested funds. I would imagine ( yep, making this up ) that "no reasonable price" would be refused. Lastly, the jurisdictions that can be considered "friendly" to mining is contracting. Agnico favors Nunavut. Agnico is successful in Nunavut. Agnico Nunavut mines ramping. Agnico has cash and desirable shares. Given the political nonsense, stupidity and upheaval around the globe, it is more likely that the POG will increase than decrease as time passes. TMAC will only increase in value as 1) they resolve the speed bumps related to mining and processing and 2) the drilling results are translated into reserves and resources and 3) the POG rises to the level of equivalent risk of the economic landscape. Short-term price $7.00 not unreasonable. Longer term price $12.50. If I were advising Agnico, I would encourage them to move sooner rather than later. Just my $0.02. Sherm
Comment by
snowshoedb on Nov 27, 2019 12:17pm
nobody will acquire this company until they stop lossing $7 million/quarter to the tailings pound.