When E Sprott left the Kirkland lake board he said he was going to retire. I find it hard to believe he'll totally leave the game and besides, he's still has to manage his investments. If KLA's investment in Novo was, indeed, directly tied to control, a long term district view then maybe it would make sense for KLA to invest in a near term, production capable asset.
If I was ES I'd sell some of my Kirkland share's at the top to buy DEG (at the bottom) with KLA on 50/50 basis. Novo, Sumitomo, KLA and Sprott would control vast area's with synergies.
If you ask me Sprott is tired of QH's endless science project. New entity would be a way for him to gain more control while still having access to Novo and KLA technical ability.
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Price($) | Vol. | No. |
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29 | 312666 | 1.200 |
14 | 145927 | 1.195 |
19 | 157958 | 1.190 |
10 | 195080 | 1.185 |
Price($) | Vol. | No. |
---|---|---|
1.210 | 138467 | 25 |
1.215 | 211729 | 19 |
1.220 | 165961 | 19 |
1.225 | 211677 | 11 |
1.230 | 155455 | 6 |
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