Due to having some of the best contacts in the business, IKN tonight (Sunday early evening) reveals that Kirkland Lake (KL) is currently marketing itself to the highest bidder. The sales process is in an advanced stage, and while there are at least four companies still in the process one has now emerged as the clear favourite. This deal could be announced at any moment and is the driving force behind KL’s share price out-performance these last two weeks; the serious money has been accumulating in front of M&A.
More details, including the identity of the new favourite to buy Kirkland Lake (KL) in the type of multi-billion dollar deal the sector so desperately needs, for subscribers in IKN644 this Sunday evening. However, I’ll post the note on this exclusive here on the open blog, tomorrow Monday afternoon.
Makuch is selling Kirkland Lake (KL). Good for him.
PS: Full disclosure: No position in KL. And while we’re at it, no position in any of its suitors either, my portfolio tends toward the smaller fish. However I may buy a few KL at the open tomorrow, depending on how it trades, but even then I’d only be flipping a few. These big boy companies are for other people.
My largest position still. In from the good old days near 2.00. Can only see Barrick buying it for Detour, then selling off all other assets.
There is more chance of growing oysters in the outback than tony chucking $4 mill a year away.
Not tonys decision!! Harry Dobson calls the shots here!!!
Lets see on Monday how the KL price reacts and how many people are reading this blog.
If its ABX, probably a no-premium deal !
Interesting
Agnico Eagle seems to be the logical buyer/partner no?
looks like a good call. Congrats
Nice price reaction on the blog post.
If we buy, we buy based on rumours, published in some blog.
But if you buy, isn’t that based on insider knowledge? Wouldn’t the Canadian authorities like to know who your sources are?
I heard it’s just a rumour from a reliable source.
Thanks for your input! Very long on KL.
Hmmm. My biggest position, too. $KL is my risk off trade.
[…] According to the report, the sales process is in an advanced stage, with at least four companies still in the process and “one has now emerged as the clear favorite,” although that company is not specified. […]
[…] According to the report, the sales process is in an advanced stage, with at least four companies still in the process and “one has now emerged as the clear favorite,” although that company is not specified. […]
[…] share — up 3.4% for the day. Notably, it was its highest closing level in over eight months. Rumours about its merger and acquisition talks with several companies were the main driving force behind […]
[…] per share — up 3.4% for the day. Notably, it was its highest closing level in over eight months. Rumours about its merger and acquisition talks with several companies were the main driving force behind […]
[…] per share — up 3.4% for the day. Notably, it was its highest closing level in over eight months. Rumours about its merger and acquisition talks with several companies were the main driving force behind […]
[…] Según el informe, el proceso de venta se encuentra en una etapa avanzada, con al menos cuatro empresas aún en proceso y “una ahora se perfila como la clara favorita”, aunque esa empresa es no especificado. […]