Take physic, pomp

Chuck’s going shopping (updated)

Just out:

VANCOUVERJune 11, 2015 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) announced today that it has increased its credit facility from $2 billion to $3 billion and extended the term to June 10, 2020, under existing terms and conditions. 
The unsecured, floating-rate facility bears interest at LIBOR plus 120 points when drawn, based on Goldcorp’s current BBB+ rating, and is intended to be used for liquidity and general corporate purposes.  

whole thing here.

UPDATE: So what will Chuck buy? Three ideas:
1) Go big with Detour (DGC.to): Canada’s flavour of the month fashion company just keeps getting bid up and up on the assumption it’s being bought out. The credit width at GG now gives the company the financial room to make a run at a $2.5Bn mkt capper. For what it’s worth I think it would be a bad deal but we must concede that if GG is mad enough to buy Probe, it’s capable of buying anything.
2) Go modest with Lake Shore Gold (LSG.to): Definitely more bite-sized, but fits like a glove into the GG portfolio and the company has already made clear it wants to expand in the Timmins region. It’s my idea of the right choice of the right deal at the right time, but WTFDIK?
3) Go worldwide with B2Gold (BTO.to): Less likely, plus it would have to be a pretty solid premium to its current price to make it a friendly deal, but the valuation drop in B2 in the last couple of years plus its growth pipeline would make it attractive in theory.
Those are my three, got any better ideas?

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