Rohstoffaktien-Depot mit langfristansatz Strategie (Seite 829)

[Alfons1982]

Ich war zwar im ersten Moment positiv gestimmt, jedoch finde ich die Grades und die Gesamtkosten im Vergleich zur Kirkland schlecht. Passt ja so nicht ins Profil. Allerdings habe ich mir jetzt die Präsentation von Detour angeschaut und da muss ich Nebelparder recht geben. Auf mittlere bis längerfristige Sicht gibt es enorm viel Potenzial was Unzen und die Gesamtkosten angeht.


Detour hat aktuell 5,7 Mio oz Mineral Resourcen + 15,4 Mio oz Mineral Reserven. Das ist schon enorm im Vergleich zu Kirkland, auch wenn die Grades durchweg unter 1 gramm sind. Bisher haben die nur eine kleine High Grade Zone 58N mit ​ca. 670000 Unzen mit 4,35 - 5,80 gramm.

Die neuen Aktien die dazu kommen werden belaufen sich bei 174 Mio. Aktien auf 75.568,200 Aktien. Ich habe mit dem falschen Wert gerechnet.

Die Reservelaufzeit beträgt satte 22 Jahre, dazu ist der Reservepreis mit 1100 Cad/pro Unze deutlich unter dem aktuellen Goldpreis in Canada in Höhe von über 1900 Cad.


80% Institutionelle Investoren davon 13 % van eck

5 % Resolute(ob die jetzt verkaufen werden? kann den Kurs kurzfristig zusätzlich schaden)

5 % Dimensione


Minenlaufzeit beträgt 20 Jahre aktuell bei Detour. Das ist auch schon sehr lange für heutige Verhältnisse.


Im Vergleich zur Konkurrenz von Detour hat man hohe Reserven. Aktuelles Medianverhältnis ist bei der peer group 5,6 Mio Unzen Gold.


Synergien laut Kirkland zwischen 75-100 Mio Dollar im Jahr. Das ist ein guter Wert, wenn dieser so umgesetzt werden kann.


Operating costs sollen von 2019 bis 2021 von 808 Dollar auf bis zu 640 US Dollar fallen. Gesamtkosten sollen von 1275 US Dollar auf bis zu 1000 US Dollar fallen. Danach soll es weiter bis auf unter 900 US Dollar Gesamtkosten fallen(2023).


Credit Facility undrawn 270,1 Mio US Dollar

Outstanding debt im Jahre 2020 sind 199,7 Mio US Dollar


Die TMA Costs sollen von aktuell ca. 80 Mio auf unter 20 Mio US Dollar im Jahr 2022 fallen.


Detour Gold P/NAV 0,99. Der Medianwert ist hier 1,23

P/2020E CAF 8,1. Der Medianwert ist hier 5,2

EV/2020E EBITDA 8,4. Der Medianwert ist hier 6,0. Die Werte beziehen sich auf die Peer Group von Detour Gold.


Dazu hat man noch ein riesiges Explorationspotenzial und die Minen von beiden Unternehmen sind in einem Umkreis von 200 km entfernt.


Da die meisten mit einem High Grade Projekt gerechnet haben und nicht mit einem Low Grade Projekt, gehe ich erstmal von sinkenden Kursen aus. Das ist ärgerlich, da ich im umgekehrten Fall von steigenden Kursen ausgegangen bin. Mittel-langfristig bin ich aber hier weiterhin positiv gestimmt. Man sieht das, dass Management auf Masse statt auf Klasse hier gesetzt hat. Die Zeit wird es zeigen ob die Entscheidung richtig war.

[Aktiengeier_1]

Antwort auf Beitrag Nr.: 62.006.957 von Aktiengeier_1 am 25.11.19 15:13:37

Konnte nicht wiederstehen.........zum Stammdepo von Kirkland nun eine Zockerposi gekauft.

[Aktiengeier_1]

Antwort auf Beitrag Nr.: 62.006.957 von Aktiengeier_1 am 25.11.19 15:13:37

Bei 42 USD wo der Wert steht im Moment wäre eigentlich der Wiederstand.....



https://www.tradesignalonline.com/ext/edt.ashx/wo/75E8ABD1-4…

[Aktiengeier_1]

Antwort auf Beitrag Nr.: 62.006.882 von urpferdchen am 25.11.19 15:04:29

Ich hätte gute Lust noch eine Trading Position von Kirkland zu kaufen.....mal sehen.

[urpferdchen]

Antwort auf Beitrag Nr.: 62.006.477 von Aktiengeier_1 am 25.11.19 14:27:39

Kirkland vorbörslich 7 bis 10 % Minus - das läuft etwa wie bei Saracen -
da könnte diese Woche günstige Nachkauf / Kaufkurse kommen.
Je nachdem ob Gold noch tiefer geht - oder die 1.245 $ halten.

Durch die Umschichtung an der Comex sind beim Gold die nächsten Tage / 2 Wochen - Turbulenzen in beide Richtungen - möglich.

[urpferdchen]

Antwort auf Beitrag Nr.: 62.006.405 von Kapitalrendite am 25.11.19 14:16:40

Adamis vorbörslich um ca 15 Uhr -
bei Tradegate 50 - 60 % Minus
bei der Bader Bank noch kein Minus -
alle anderen ohne Notierung oder 50 - 60 % MINUS

[Aktiengeier_1]

Antwort auf Beitrag Nr.: 62.005.601 von Alfons1982 am 25.11.19 12:36:56

Die Nachricht ist nicht schlecht für die Zukunft von Kirkland.....aber bei der Übernahme verliert der Übernehmer fast immer die ersten Tage. Ähnlich war es bei Saracen minerals die Tage.....beides jedoch gute Werte.

[Kapitalrendite]

Antwort auf Beitrag Nr.: 62.005.910 von urpferdchen am 25.11.19 13:11:45

Die Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) („Adamis“) gab heute bekannt, dass sie nach der Schließung der US-Märkte am 22. November ein vollständiges Antwortschreiben (Complete Response Letter, CRL) der US-amerikanischen Food and Drug Administration (FDA) zu ihrem neuen Arzneimittelantrag erhalten hat (NDA) für das hochdosierte Naloxon-Injektionsprodukt ZIMHI von Adamis zur Behandlung von Opioidüberdosierungen. Die CRL gab an, dass die FDA festgestellt hat, dass sie die NDA in ihrer jetzigen Form nicht genehmigen kann, und gab Empfehlungen ab, die für eine erneute Einreichung erforderlich sind. Eine CRL wird vom Zentrum für Arzneimittelevaluierung und -forschung der FDA ausgestellt, wenn die Überprüfung einer Akte abgeschlossen ist und noch Fragen offen sind, die die Genehmigung der NDA in ihrer aktuellen Form ausschließen. Die von der FDA aufgeworfenen Fragen bezogen sich allgemein auf Chemie, Herstellung und Kontrollen (CMC). Es ist geplant, die CMC-Tests, die der FDA bereits zur Erfüllung der CRL-Anforderungen zur Verfügung gestellt wurden, zu erweitern. Es wurden keine weiteren klinischen Sicherheits- oder Wirksamkeitsprobleme angesprochen, und die neue Arzneimittelanwendung bleibt offen, bis die CMC-Probleme gelöst sind. Dr. Dennis J. Carlo, Präsident und CEO von Adamis, erklärte: „Wir sind offensichtlich sehr überrascht und enttäuscht. Angesichts einer wachsenden Anzahl von tödlichen Überdosierungen infolge stärkerer Opioide wie Fentanyl glauben wir, dass ein offensichtlicher Bedarf an höher dosierten Naloxonformen besteht, und wir sind weiterhin bestrebt, ZIMHI auf den Markt zu bringen. Wir glauben, dass die in der CRL enthaltenen Kommentare und Empfehlungen überschaubar sind und eine uneingeschränkte Zusammenarbeit mit der FDA planen. Wir bleiben diesem Produkt und unserer Mission verpflichtet, Ärzten und Patienten Zugang zu einer höheren Dosis Naloxon zu verschaffen. Wir werden den Vorschlag der Agentur aufgreifen und so bald wie möglich um ein Treffen bitten, um unseren Plan zur erneuten Einreichung der NDA zu besprechen. “ Quelle: https://de.advfn.com/p.php?pid=nmona&article=81216807

[urpferdchen]

Biohero hat sich heute gemeldet und Neuen Wert an der Alternext Paris - für Alzheimer

Theranexus - Risiko/ Chance selber nachlesen - Seite 1 bis 4 - Preis um 13 Uhr bei 2,60 €
nur an der Alternext handelbar -

der link zum Forum
https://www.wallstreet-online.de/diskussion/1315850-31-40/al…


Asit an der Euronext - heute kein Handel ? - seit Freitag kein Handel ?
der link zur heutigen Meldung

https://www.finanznachrichten.de/nachrichten-2019-11/4826032…


Oncology Venture - jetzt auch an der Stuttgarter Börse handelbar - nicht nur Berlin.
Biohero hat sich im Forum gemeldet.

[Alfons1982]

Kirkland Lake Gold Ltd. (“Kirkland Lake Gold”, the “Company” or “KL”) (TSX:KL) (NYSE:KL) (ASX:KLA) and Detour Gold Corp. (TSX: DGC) (“Detour Gold”) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) whereby Kirkland Lake Gold will acquire all of the issued and outstanding securities of Detour Gold pursuant to a plan of arrangement (the “Transaction”).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191125005355/en/

(Photo: Business Wire)

Under the terms of the Transaction, all of the issued and outstanding common shares of Detour Gold will be exchanged at a ratio of 0.4343 of a Kirkland Lake Gold common share for each Detour Gold common share. Upon completion of the Transaction, existing Kirkland Lake Gold and Detour Gold shareholders will own approximately 73% and 27% of the pro forma company, respectively.

The exchange ratio implies consideration of C$27.50 per Detour Gold common share based on the closing price of the Kirkland Lake Gold common shares on the Toronto Stock Exchange (“TSX”) on November 22, 2019, representing a 24% premium to the closing price of the Detour Gold shares on the TSX on November 22, 2019. Based on the 20-day volume weighted average price of the Kirkland Lake Gold shares and the Detour Gold shares on the TSX for the period ending November 22, 2019, the exchange ratio implies a premium of 29% to Detour Gold shareholders. The implied equity value of the Transaction is equal to approximately C$4.9 billion.

TRANSACTION HIGHLIGHTS

Adds a Long-Life, High-Quality Asset in a Low-Risk Jurisdiction: Detour Lake is a uniquely large-scale, long-life Canadian mine, with current production of ~600 koz per year and substantial growth potential.
Solidifies Kirkland Lake Gold’s Position as a Senior Gold Producer with Industry-Leading Free Cash Flow: Enhanced scale with pro forma 2019 production targeted at +1.5 Moz and analyst consensus 2019 free cash flow of almost US$700 million.
Bolsters Financial Strength and Capital Markets Profile: Combined net cash balance of US$630 million (as at September 30, 2019), with increased public float, liquidity, and access to capital, provides greater capacity to pursue further growth and return capital to shareholders.
Increases Kirkland Lake Gold’s Mineral Reserve Base and Complements Existing Operating Profile: Transaction adds 15.41 Moz to Kirkland Lake Gold’s mineral reserve base and extends reserve life index2 by 8 years.
Enables Value-Creation through Continued Optimization and Potential Expansion of Detour Lake: Financial strength and technical expertise of the combined company is expected to support the continued optimization and potential expansion of Detour Lake; opportunities exist to significantly increase production at improved unit costs and to expand current mineral reserves and mineral resources.
Provides Attractive Exploration Upside: Detour Gold’s land position covers 1,040 km2 along northernmost sections of the prolific Abitibi Greenstone Belt (including 646 km2 on existing Detour Lake property); combination of free cash flow generating operations, significant in-mine growth potential, and considerable regional exploration upside is a common feature among Detour Lake and Macassa in Canada and Fosterville in Australia.
Potential to Deliver Synergies: Expected pre-tax synergies of approximately US$75 – US$100 million per year.

Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: “The acquisition of Detour Gold is an excellent fit for Kirkland Lake Gold. We have already taken two mining operations, Macassa and Fosterville, and transformed them into high-quality assets that generate industry-leading earnings and free cash flow. The addition of Detour Lake provides an opportunity to add a third cornerstone asset that is located in our back yard in Northern Ontario. Detour Lake will provide the pro forma company with a 20-plus year mine life which provides unparalleled optionality and excellent growth potential for the benefit of all shareholders. The management team at Detour Gold has done an exceptional job in making improvements and building momentum at the mine. Once the Transaction is completed, we will continue efforts to optimize current operations and commence engineering work to evaluate expansion opportunities at Detour Lake, which we anticipate could lead to significant production growth, improved unit costs and higher levels of mineral reserves and mineral resources.

“Turning to exploration, we are planning extensive drilling at highly prospective exploration targets within the 1,040 km2 Detour Gold land position, where we believe there is considerable potential for new discoveries to support future mineral resource growth. The work we are planning around Detour Lake will be a key component of our corporate exploration program going forward. Other anticipated components of this program include ongoing drilling at Macassa to grow the South Mine Complex and identifying high-grade gold zones along the Amalgamated Break, as well as continued extensive exploration at Fosterville and Northern Territory.

Mick McMullen, President and Chief Executive Officer of Detour Gold, commented: “This Transaction recognizes the improvements we have made to re-engineer Detour Gold’s operations and business practices, while providing our shareholders with an immediate premium and a unique opportunity to gain exposure to a diversified portfolio of low-cost, high-grade mines in prolific and low-risk mining jurisdictions. Our significant mineral resource base, exploration potential, and long-life production profile are a great addition to the Kirkland Lake Gold portfolio, and we are excited that we can share in the growth opportunities that exist going forward. Importantly, Kirkland Lake Gold’s strong balance sheet and cash generating capabilities will support additional investment in the exploration of Detour Lake to help unlock further growth potential.”

BENEFITS TO DETOUR GOLD SHAREHOLDERS

Provides an immediate and significant premium of 29% based on the 20-day volume weighted average price of the Kirkland Lake Gold shares and Detour Gold shares on the TSX for the period ending November 22, 2019, and 24% to the closing price of the Detour Gold shares of C$22.21 per share on the TSX on November 22, 2019.
Diversifies portfolio and eliminates single asset risk, while maintaining exposure to Detour Lake and provides opportunity to participate in future upside through Kirkland Lake Gold’s continued optimization, and potential expansion, of Detour Lake, and its plan to extensively explore the 1,040 km2 Detour Gold land position.
Provides exposure to Kirkland Lake Gold’s high-quality portfolio of low-cost, high-grade mines, in low-risk jurisdictions with further upside from district-scale exploration potential and organic mineral reserve growth.
Significantly enhances financial strength, free cash flow generation, and trading liquidity for Detour Gold shareholders.
Allows Detour Gold shareholders to participate in Kirkland Lake Gold’s capital return program, including its attractive quarterly dividend, currently set at US$0.06 per share, and its ongoing normal course issuer bid.
Participation in the potential synergies identified by Kirkland Lake Gold.

BENEFITS TO KIRKLAND LAKE GOLD SHAREHOLDERS

Addition of a third cornerstone asset with ~600 koz current production and potential for significant growth.
Enhances financial strength with combined net cash of US$630 million (as at September 30, 2019), and analyst consensus 2019 free cash flow of almost US$700 million from assets in Australia and Canada.
Grows mineral reserves via addition of 15.41 Moz to mineral reserves base, while growing mineral reserve life index2 by 8 years.
Opportunity for value creation through continued optimization and expansion of current production, mineral reserves and mineral resources, and mine life at Detour Lake.
Provides attractive exploration upside from highly prospective targets on the 1,040 km2 Detour Gold land position within the prolific Abitibi Greenstone Belt.
Expected to deliver immediate cash flow per share and net asset value per share accretion.
Potential to realize expected pre-tax synergies of approximately US$75 – US$100 million per year.

TRANSACTION SUMMARY

The Transaction will be effected by way of a court-approved plan of arrangement under the Canada Business Corporations Act, requiring the approval of at least 66 2/3% of the votes cast by the shareholders of Detour Gold voting in person or represented by proxy at a special shareholders’ meeting to consider the Transaction. The issuance of shares by Kirkland Lake Gold in connection with the Transaction is subject to the approval of a majority of the votes cast by the shareholders of Kirkland Lake Gold voting in person or represented by proxy at a special shareholders’ meeting.

Officers and directors of Kirkland Lake Gold have entered into voting support agreements pursuant to which they have agreed, among other things, to vote their Kirkland Lake Gold shares in favour of the Transaction. Officers and directors of Detour Gold have entered into voting support agreements pursuant to which they have agreed, among other things, to vote their Detour Gold shares in favour of the Transaction.

In addition to shareholder and court approvals, the Transaction is subject to applicable regulatory approvals including, but not limited to, TSX approval and approval under the Competition Act (Canada) and the satisfaction of certain other closing conditions customary in transactions of this nature. The Arrangement Agreement contains customary provisions including reciprocal non-solicitation, “fiduciary out” and “right to match” provisions, as well as a US$148 million termination fee payable to Kirkland Lake Gold under certain circumstances and a US$202 million termination fee payable to Detour Gold under certain circumstances.

Upon completion of the Transaction, management of the combined company will feature proven and experienced mining and business leaders at both the Board of Directors and executive team levels, along with diverse, high-performing teams at the combined company's regional and operating sites. Full details of the Transaction will be included in the respective management information circulars of Kirkland Lake Gold and Detour Gold, expected to be mailed to shareholders in December 2019. Both shareholder meetings and closing of the Transaction are expected by the end of January 2020.

BOARDS OF DIRECTORS’ RECOMMENDATIONS

The Arrangement Agreement has been unanimously approved by the Board of Directors of each of Kirkland Lake Gold and Detour Gold, including, in the case of Detour Gold, following the unanimous recommendation of a special committee of independent directors of Detour Gold. Both Boards of Directors unanimously recommend that their respective shareholders vote in favour of the Transaction.

RBC Capital Markets has provided a fairness opinion to the Board of Directors of Kirkland Lake Gold stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be paid under the Transaction is fair, from a financial point of view, to Kirkland Lake Gold.

Each of BMO Capital Markets and Citi provided the Detour Gold special committee and Board of Directors with an opinion, dated November 24, 2019, to the effect that, as of the date of such opinion, the consideration provided for in the Transaction was fair, from a financial point of view to holders of Detour Gold common shares (other than, as applicable, Kirkland Lake Gold and its affiliates), in each case, based upon and subject to the respective assumptions, limitations, qualifications and other matters set forth in such opinions.

None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issuable in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

ADVISORS AND COUNSEL

RBC Capital Markets is acting as financial advisor to Kirkland Lake Gold and Cassels Brock & Blackwell LLP and Dorsey Whitney LLP are acting as Kirkland Lake Gold’s legal advisors.

BMO Capital Markets is acting as financial advisor to Detour Gold in connection with the Transaction. Citi has acted as financial advisor to the Detour Gold special committee in connection with the Transaction. Stikeman Elliott LLP, Jones Day and Squire Patton Boggs are acting as Detour Gold’s legal advisors.

CONFERENCE CALL

Kirkland Lake Gold and Detour Gold will host a joint conference call today, Monday, November 25, 2019, at 8:30 am ET, for members of the investment community to discuss the Transaction. Call-in information is provided below. The call will also be webcast and accessible on the Kirkland Lake Gold and Detour Gold websites at www.klgold.com and www.detourgold.com, respectively.

DATE:


Monday, November 25, 2019

CONFERENCE ID:


9195953

TIME:


8:30 AM ET

TOLL-FREE NUMBER:


[phone]

INTERNATIONAL CALLERS:


[phone]

Webcast url


https://event.on24.com/wcc/r/2146218/D076E13FBEDE653179540D1…

A copy of the investor presentation is also available, and an audio recording of the conference call will be made available shortly after the call, on the Kirkland Lake Gold and Detour Gold websites.

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that produced 723,701 ounces in 2018 and is on track to achieve significant production growth over the next three years, including target production of 950,000 – 1,000,000 ounces in 2019, 930,000 – 1,010,000 ounces in 2020 and 995,000 – 1,055,000 ounces in 2021. The production profile of the Company is anchored by two high-grade, low-cost operations, including the Macassa Mine located in Northern Ontario and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold‘s solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise. The Company’s shares trade on the Toronto, New York and Australian Stock Exchanges under the trading symbol KL.

About Detour Gold Corporation

Detour Gold is a mid-tier gold producer in Canada that holds a 100% interest in Detour Lake, a long-life, large-scale open pit operation. Detour Gold’s shares trade on the Toronto Stock Exchange under the trading symbol DGC.

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.