via FinancialPost - Osisko

Like giving a wreckless toddler toys to smash, pension funds stumble into the picture with hundreds of millions in a convoluted, yield-intensive deal that destroys shareholders in two companies.

What on earth is Sean Roosen thinking? Goldcorp. would do well to walk away and buy another company. Or they may very well have been spared losses to come. And what about the shareholders? Wouldn't it have been far simpler to pay a robust dividend to maintain ownership? It's no secret, they intend to use the money in buying up other assets.

I would be absolutely furious as a shareholder and want Goldcorp to come back with a somewhat better deal so that I could sell. How on earth do you sell ownership in the company without even having the other party buy shares? This deal is rotten as stink.

On the bright side, yields on this deal are FAR below those required by greed intensive, usurious Sprott(Waterton.) A company yielding better than 8% in dividends would be able to compete against the largest players in the resource lending market.

Financial Post

$GOLD:$CDW Weekly

No technical damage occurred in the $CAD gold price chart during the correction:

http://scharts.co/17HxjtG

-F6