Loading ...I think you’re “spot on.” Just curious, do you happen to know how much premium Kinross is paying over Great Bear’s closing price ( per share)?
Just last week, SSR Mining paid roughly a 36% premium over Taiga Gold’s closing price ( granted Taiga was trading at .15 per share).
Kinross trades roughly 13-14 million shares a day. One could buy a few shares, reap the 2% dividend, and also enhance your return by doing a buy – write ( I.e., buy 100 shares and sell 1 out of the money call, say the Jan. 10 call), and let that call expire worthless.
Food for thought…..