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0.00% $1.08 cardinal resources limited

Did anyone see St Barbara's takeover of Atlantic Gold (AGB on...

  1. flyboy77
    8,838 Posts.
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    11/06/19
    12:36
    Post #: 38999974
    Did anyone see St Barbara's takeover of Atlantic Gold (AGB on TSX)?

    http://www.atlanticgoldcorporation.com/_resources/presentation/corporate_presentation.pdf?v=2.12

    Seems like an extraordinary multiple - 2m oz for C800m or circa USD 320/oz of reserve.

    I guess they'll justify it as per the 'margin' on p11 of the ppt eg the low AISC number but that is a simply huge multiple!

    I would have thought they could buy CDV's 7m oz for that?

    I note SBM's price has cratered since the announcement....
    Last edited by flyboy77: 11/06/19
    CDV Price at posting: 32.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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