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pilk111

02/14/13 7:12 AM

#19647 RE: mjkiii #19646

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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VBgood

02/14/13 7:25 AM

#19648 RE: mjkiii #19646


We can start to speculate what is exactly for sell.

Are we talking about PTQ/ mining and retaining PDI or all Panama Petaquilla will be for sale leaving us with Spain? Or maybe FQM still will settle for a Land Deal ?

Great news, now we understand why it was so quiet lately, it wasn’t …


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eom7

02/14/13 2:20 PM

#19654 RE: mjkiii #19646

Good to see you back!
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acanuck

02/14/13 4:21 PM

#19656 RE: mjkiii #19646

Thanks MJK.