| To: Wade who wrote (60399) | 9/23/2021 11:19:37 AM | | From: Wade | | | | The big difference between Evergrande vs Lehman moment is the debt to asset ratios. From what I understood is the the ratio of 1 to 1 for Evergrande, but 30 to 1 for Lehman and most of US banks at the same time in 2007. When Lehman fell it triggered highly leveraged international derivative markets of ~ $2 Quadrillion. It was a total meltdown of the worldwide central banks until the US congress gave them the power to print $ as needed. It is still going on and there is no end to fix the $2 quadrillion hole.
It appears China is trying to make whole or at least partially for their domestic bond holders of Evergrande. We shall see if there is more mines. I think it is not going to be even close to what we saw back in 2007-9. Well...what do I know. |
| | The Woodshed | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: Wade who wrote (60405) | 9/28/2021 9:50:36 AM | | From: Wade | | | | This was not what I expected.
kl.gold
"Pursuant to the Merger Agreement, Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held (the “Consideration”). The Consideration to Kirkland Lake Gold represents approximately a 1% premium to the 10-day volume weighted average prices on the Toronto Stock Exchange, as at close of trading Friday September 24, 2021 and implies a combined market capitalization of approximately $24 billion. Upon closing, existing Agnico Eagle and Kirkland Lake Gold shareholders will own approximately 54% and 46% of the combined company, respectively."
Oh.. well....
At least, I didn't lose money (much smaller gain) with KL in this crappy gold market. |
| | The Woodshed | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
