Hey, nice news for ROY/IRC.to holders today as Royal Gold (RGLD) has also seen the tremendous value offered by International Royalty Corp. (IRC.to)(ROY) and made a white knight counterbid to the recent Franco Nevada (FNV.to) offer.
So what are the chances that FNV.to comes back and tries to outbid RGLD now? In my view, the chances are very high indeed as the thing is still going for a song at RGLD's buyout level. Don't sell your IRC.to / ROY shares, holders.
DYODD. I long.
UPDATE: thanks to a kind reader (who prefers total anonymity) I see that Haywood's call on this is "unlikely to see a two horse bidding war", the diametric opposite of this humble correspondent. Vamos a ver...........
So what are the chances that FNV.to comes back and tries to outbid RGLD now? In my view, the chances are very high indeed as the thing is still going for a song at RGLD's buyout level. Don't sell your IRC.to / ROY shares, holders.
DYODD. I long.
UPDATE: thanks to a kind reader (who prefers total anonymity) I see that Haywood's call on this is "unlikely to see a two horse bidding war", the diametric opposite of this humble correspondent. Vamos a ver...........