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3/23/17

Tahoe Resources (TAHO) (THO.to): The decimation of shareholder value caused by Kevin McArthur's empire building designs

This is what happens when somebody who got lucky with timing actually fools himself into believing he got rich because he's smart.
In February 2015 when Tahoe Resources (TAHO) (THO.to) bought Rio Alto Mining, it was an all-paper deal framed at a ticket price of U$1.09Bn. TAHO issued 75.991m shares to close the deal. Those shares are now worth U$557m.

Then in February 2016 when Tahoe Resources (TAHO) (THO.to) bought Lakeshore Gold, it was another an all-paper deal framed at a ticket price of U$569m. TAHO issued 69.239m shares to close the deal. Those shares are now worth U$507.5m.

And during the whole period, from before the Rio Alto purchase until today, TAHO has added 163.7m shares to its count. As for market cap, that's gone up by less than $200m.

Further questions?