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Agnico have just confirmed they've merged with Kirkland Lake gold. Agnico essentially just doubled their MCAP. "Upon closing of the Merger, the Company is expected to have $2.3 billion of available liquidity, a mineral reserve base of 48 million ounces of gold (969 million tonnes at 1.53 grams per tonne), which has doubled over the last 10 years, and an extensive pipeline of development and exploration projects to drive sustainable, low-risk growth." $2.3 billion of available liquidity...potentially excellent news for us.
Brad has also confirmed via an email which was shared to the Telegram group that Newmont are not restricted by the amount of money they are able to spend during the next 12 months, they just need to ensure it's at least $4m. If they want to spend more they can. I don't think Newmont have thought "let's go to Colombia for the next 5 or 6 years", they're the worlds best at what they do for a reason and I anticipate it will be full throttle from day 1. I've been one of the first to be vocal in the past about the sp and lack of news, but we have many more reasons to buy here than sell at the moment. When the Newmont news landed a couple of weeks ago we would have sold our grandmother's for the chance to top up at 16p, what's changed since?
Let's not forget why we invested here. Newsflow could be vastly improved but we have progressed significantly in the last 12 months, so much so that Newmont want to be on the ground calling the shots. 2 majors, cash in the bank, other JV's in the pipeline etc. Looking forward to next years drilling plan and to hopefully hear about far more than last years 5 rigs spread across multiple tenements.
Genuinely struggle to understand the mindsets of people who sell before the favoured day for news. Admittedly no guarantee tomorrow but surely common sense would say to you that the last news dropped 3 weeks ago so you've had 3 weeks to sell? Instead I think I'll sell on Monday 3 weeks later because RNS's usually land on a Tuesday...
Truly feel this last week has given all holders something to be genuinely excited about. We've been through a bit of a rough time with the impact of Covid inadvertently hitting us quite hard, but that's soon to become a distant memory. Looking forward to a week without the downward pressure of Loryser and to see what news Brad has tucked away for us. Newmont on the ground calling the shots is phenomenal news and takes us to a totally different level. Here we are in an incredibly gold rich area with the world's number 1 gold producer calling the shots. We are long overdue a correction in sp and feel this is highly likely this next week, its just a shame the weekend gets in the way! Good luck to all of us, time to look forwards and feel genuinely excited for what I feel is going to be a transformational 12 months. Roll on Monday!
10 million shares to sell with a low daily volume slowly eroding sp and sentiment every day, can't understand why they haven't cleared off sooner... That's all changed now with Newmont calling the shots, they obviously liked the look of the BLEG's and have decided to go full steam ahead for the next 12 months. Very strong chance of news next week along with the knowledge the seller is out. Strong finish on the cards.