Topic: How To Invest

Stock Pickers Digest Hotline – Friday, January 26, 2018

Article Excerpt

YAMANA GOLD INC., $4.51, symbol YRI on Toronto, operates six gold mines, in Canada, Mexico, Brazil, Chile and Argentina. It also holds 53.6% of Brio Gold, $2.46, (symbol BRIO on Toronto); that firm owns three of its own mines in Brazil. Vancouver-based Leagold Mining Corp. (symbol LMC on Toronto) has offered to buy Brio Gold. Investors would receive 0.922 of an LMC share for every Brio Gold share they hold. Based on today’s price for Leagold, the bid is equal to $2.66 per Brio Gold share. Brio Gold was trading for $1.77 before the offer. Leagold’s bid has the support of Yamana Gold, which would receive 58 million LMC shares. That amounts to a 22% stake in an enlarged Leagold. OUR RECOMMENDATION: Yamana Gold is a buy. Yamana Gold recent coverage February 2018 issue Hotline for January 5, 2018 SASOL LTD. (ADR), $37.70, symbol SSL on New York, has developed a technology to convert coal and natural gas into motor fuels. The company is South Africa’s third-largest coal…