Coeurs had a good sized minority position in Northern Empire already. They must like recent drill results. As far as Northern mgmt, this might be a tad early. I am sure they were hoping for a bigger payoff than 117million valuation. Recent gold doldrums may have convinced them to take the money and run. Not sure if I will hold Coeur or not.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.