Post by
Shermandrock1 on Feb 12, 2021 10:03am
There is no doubt that KL will purchase WM
I suspect that there are ongoing talks, and have been for some time, of the eventual buyout price.
In fairness to the WM shareholders, Management is required to obtain the best price. This cannot be accomplished without finding out exactly what is in the ground and its economic value.
From KL's perspective, they will not allow any other acquieror 1) that could give rise to border disputes should the mineralization extend in that direction 2) they know the mineralization of the trend and are currently mining same 3) they would prefer a clean acquisition paying the appropriate price to benefit both sides.
It is probably a done deal with only price discovery remaining. NOTE: KL currently trading in a manner that suggests that an acquisition is imminent. WM? Who knows.
Comment by
pmforme on Feb 12, 2021 10:20am
"KL currently trading in a manner that suggests that an acquisition is imminent." Please elaborate. Most miners have been on a down ramp since Jan 1. Thx