MIDAS Sell Alert: Take A 33% Profit on Corvus Gold
A key part of our thesis on Corvus since last October was its attractiveness to an acquirer. On July 13, AngloGold made an acquisition offer. Although we think AngloGold is getting an excellent deal relative to the free cash flow that Corvus’s assets can produce in the years ahead, now is a good time to take a gain on a position that we’ve held through a difficult period for junior gold stocks. Dan recommends taking gains in KOR.
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