Since announcing its U$1.4Bn purchase of Great Bear Resources, Special K (KGC) (K.to) has seen around U$845m wiped off its share price. And yes, that’s AFTER the GBR close. Ouch.
Mind you, they may not have stayed in the bidding if they’d known about Putin’s plan to (etc).
At what price does K become a target for Barrick? Paracatu and Tasiast alone are worth U$4Bn, then add in Great Bear. And before you mention it, Kupol’s property value is only 3.5% of K’s total and nobody’s idea of a dealbreaker.