Barrick wanted to take over NovaGold (TSX: NG) at $16 - a while ago when gold was around $600 and NG was around $20.
Yesterday, NG was hitted down to $9 from $19 with panic sells -
ABX - bre-x - 9/11 terrorz continue? -
Now, gold is around $800 while NG is around $10 today.
So, the takeover possibility has been increased and it - seems more favorable to Barrick manipulations right now? -
Now, I guess Barrick managements are thinking it would be best time to take over NG at $16 now, which will give NG big shareholders a lot of premiums at the current levels and they'll be happy (but actually NG's shareholders forums teams tells it's too cheap at $16 for Barrick) -
banksterz 4000 bashers haven't been let out yet? -