Friday, December 10, 2021 6:24:08 PM
"don't expect Barrick to suddenly come riding to the rescue"
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Riding to the rescue you say?
Are you unfamiliar with the story, and just read a headline?
Rescue would imply that the LP fault isn't twice the size of Hemlo, or that Great Bear didn't have $70 million in the bank, or that an MRE wasn't due in Q1, or a PEA in Q2.
Barrick just signed farm in agreements on something like 3/4 of the moose pasture abutting Dixie... but I'm sure they have no interest. If Bristow lets this get away he'll be decades living it down.
This appears to be an opening bid. But if you are right, it's the steal of a generation for Kinross. There's also this to consider. A lot of shareholders are "no" votes. The deal requires 66.7%.
We shall see.
---------------------------
Riding to the rescue you say?
Are you unfamiliar with the story, and just read a headline?
Rescue would imply that the LP fault isn't twice the size of Hemlo, or that Great Bear didn't have $70 million in the bank, or that an MRE wasn't due in Q1, or a PEA in Q2.
Barrick just signed farm in agreements on something like 3/4 of the moose pasture abutting Dixie... but I'm sure they have no interest. If Bristow lets this get away he'll be decades living it down.
This appears to be an opening bid. But if you are right, it's the steal of a generation for Kinross. There's also this to consider. A lot of shareholders are "no" votes. The deal requires 66.7%.
We shall see.
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