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Re: mjkiii post# 19646

Thursday, 02/14/2013 7:12:01 AM

Thursday, February 14, 2013 7:12:01 AM

Post# of 26631
And it seems apparent Inmet is going soon.

According to Chris Ecclestone in this interview:

http://www.gold-speculator.com/gold-report/83924-chris-ecclestone-gold-will-fall-time-switch-specialty-metals.html

here is the passage:

"TMR: You suggest that a merger of Inmet Mining Corp. (IMN:TSX) and First Quantum Minerals Ltd. (FM:TSX; FQM:LSE) could form a major Canada-based metals producer, which is currently the exclusive territory of Teck Resources Ltd. (TCK:NYSE; TCK.A:TSX). Inmet has rejected First Quantum's offer. Is that deal going to get done?

CE: It will get done. Inmet is doomed! The dividend yield it offered has been lousy. First Quantum has a much higher valuation and dividend yield, which just goes to show what gives stock a currency to do these deals. Inmet has missed a lot of opportunities in recent years. "

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