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JustForFun7

09/06/06 8:30 AM

#53403 RE: kipp440 #53397

Kipp440: EZM

"....The EZM CEO would be CEO so basically EZM is taking them over.My guess is that they are using Lundin stock to essentially do a sort of a reverse split. ..."

I disagree that EZM is taking over Lundin. It is the other way around. Look at the size of the Lundin conglomerate. Yes, it is an amicable deal but the bigger company usually ends up dominating. That's just the way it is.

The HBM CEO is just the best man for the job heading up the new company. Remember, he has only been at HBM for a couple of years so it's not like he has a heavily vested interest in EZM running the show.

Until the merger is completed and the question of no other suitors is answered, EZM stock price probably will not benefit as much from any general upward movement in the sector provided by declining inventory levels and rising zinc prices.

JMO,

JFF7



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nsomniyak

09/06/06 8:58 AM

#53406 RE: kipp440 #53397

thanks--nice analysis. I still have EZM on the radar and might get back in at some point. I think it will take a while for the market to sort that all out.

DO you think it is likely that a takeover offer will emerge, and if so, would such an acquirer move now or after EZM/Lundin is complete so as to get the whole company? I'm thinking an acquirer would want the whole thing and would wait if they could.