Q: Your analysis of the merger please.Thanks.
5i Research Answer:
We are comfortable with it, as it creates Canada's second-largest gold company, with good, safe assets, and typically larger companies get higher market valuations. With no premium on the takeover, this does leave the door open to other parties if they want to make a run for CXB. Thus, we would hold for now, and would be comfortable holding post-deal if one still wants sector exposure.