Goldcorp and Glamis agree to merge
Canada's Goldcorp (GG on NYSE) made an $8.6B dollar bid for US based Glamis Gold (GLG on NYSE). The deal is friendly and should make the combined company within the top three producers of Gold in the world.
This is good for shareholders of both companies-economies of scale should bring costs down or keep them in check (rising labor costs are something which the mining industry is very worried about).
Sanjay John G.
This is good for shareholders of both companies-economies of scale should bring costs down or keep them in check (rising labor costs are something which the mining industry is very worried about).
Sanjay John G.
1 Comments:
GG should have a shareholder vote. It doesn't smell right when they refuse to let the often forgotten owners have their say.
Also, because ASA is trading at a big discount right now it seems clear that it is a superior gold investment compared to other ETFs.
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