Thursday, September 29, 2016

Kirkland Lake Merges With Newmarket Gold

Well, it looks like another company included in my Top Five Picks Portfolio, Newmarket Gold, is going to leave this portfolio. This time it is due to a merger with Kirkland Lake, an excellent, high-profile miner.

I will deliver a comment on this agreement in my second issue of the Simple Digressions Newsletter at the end of this week.

For the time being - here is what I see as the biggest synergy embedded in that deal:

source: Google Maps

It should take around 5 minutes to go from Royal Bank Plaza, Toronto (the office of Mr. Sprott, one of the biggest shareholders of both companies) to 95 Wellington Street (the office of the combined, new company). On foot!

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