I like the acquisition assets. The delay in royalty growth suits my time horizon. Perhaps a little longer than some here...
Not sure about price paid hopefully time will cure that one..
It also broadens the commodity exposure (I have little to next to zero Lithium exposure already) and I have no problem with adding gold royalties as I can't be bothered to buy Frank Nevada thru off shore brokers. To much regulatory and tax hassles.
I am happy that it is funded thru cutting the dividend to 3.5% - that is fine for me in a falling interest rate environment. Keeping divis FF would be good.
Better than a CR which feeds outsiders and instos looking at always gaming stocks and acquisitions like this IMO.
So I am a neutral on this transaction for now.
It would nice now for management to cut costs after all the negative blow back to show more respect for holders.
I topped up a tiny bit more at current SP, though after reading all the negativity I am now putting any further top up on hold.
To see how things pan out from here.
Thanks for all the opinions.
No advice.
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