Victoria Gold Corp VITFF

GBR goes to Kinross at 40% premium

[phoenix_trader]

 

 Kinross to Acquire Great Bear for C$29.00 per Share, Plus a Contingent Value Right

 

2021-12-08 20:15 ET - News Release

 

 

• Significant premium of 40% to Great Bear's 20-day VWAP on the TSX-V for Great Bear shareholders

[Zeke2902]

September 16 sp $13...pretty nice buyout at $29 on December 8. Amazing how perspectives and fortunes can change so quickly in this market. GLTA 

[Zeke2902]

September 16 sp $13...pretty nice buyout at $29 on December 8. Amazing how perspectives and fortunes can change so quickly in this market. GLTA@

[Whateverrr]

Haha, Hi Zeke.  This is not a surprise to many of us holding GBR and there was tons of time to buy sub $5.  See my post before.  Sadly Stockhouse limits historical posts of a screenname to 18 pages other wise you could see what I was saying well before April and May of 2020. Crazy this is news to you that  when you produce nonstop insane drill results the market will fully

[OCB1234]

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[kegman]

Bottom line......how do we compare with the Great Bear? Mine life? Production? Costs? Expectations......

[OCB1234]

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[OCB1234]

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[Pete1986]

Yep, crazy. But we know that Kinross sometimes is paying way to much:) They did it before :) There are 400k producers out there with huge reserves and they trade at the same level as GBR :) Creazy times.

[Pete1986]

But you can see that Kinross shareholders are not happy:) Down almost 10%.

[OCB1234]

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[phoenix_trader]

GBR's data room obviously wowed Kinross's M&A team.  Looks like we need more data (drill results) in the VGCX data room. When does the management support agreement Coeur signed expire?

[phoenix_trader]

Kinross now down .80 (11%) on the GBR acquisition news.  Looks to me like investors are more interested in actually knowing what is being bought  (PEA, PFS, initial resource estimates) than the "trust me mentality" of some mining management teams. Without current solid numbers on the exploration front no one knows what the story is. Proof you say, 80 mins since markets opened

[OCB1234]

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[OCB1234]

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[phoenix_trader]

Did Coeur agree wirth VGCX to vote with management on shareholder AGM items?

[OCB1234]

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[phoenix_trader]

OCB is right, no agreement between Coeur and VGCX. Coeur with 18% of the shares can substantially influence anything at a general meeting. Hopefully they or another activist will demand more reporting on exploration activities. "Trust me" management does not cut it tpday.

[OCB1234]

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