"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. "
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 …