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DRGDF - Detour Gold Acquisition Price Will Likely Move Up
Detour Gold Corp
There is much we do not know about the bidding for the trophy asset that is Detour Gold (DRGDF). Discussions were held with at least 8 companies to ascertain their interest in purchasing or merging with Detour (per Dec. 20, 2019, Management Circular). The Board of Directors deemed the Kirkland Lake Gold (KL) all-stock offer of .4343 shares for each Detour share as the superior bid. I believe that Detour Gold Board can fulfill their fiduciary responsibility to maximize the sale price by referencing a similar pending acquisition such as the