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if I were Cliffs, wouldn't I drive the price up by a couple of cents to shake out all those loose shares that I was wanting to get me to the over 90 % required ?
drew2222
Looks like they were a bit off with their predictions here !
Canadian analysts pick likely junior mining acquisition targets
Big miners are biding their time with respect to takeover targets in the junior mining sector, but analysts believe a number of stocks are ripe for plucking.
Posted: Friday , 31 Oct 2008
OTTAWA (REUTERS) -
Merger and acquisition activity in Canada's mining patch will heat up again, but it is tough to predict when big miners will decide the time is right.
"The increasing valuation gap between the senior and intermediate producers and the junior explorers/developers suggests to us that M&A activity will likely heat up going into 2009," Dundee Securities said in a note to clients.
Analysts have fingered a handful of juniors that are likely takeover candidates. Here is a list of some potential targets:
* Aquiline Resources (AQI.TO) - The owner of Navidad silver project in Argentina needs to raise funds to finance immediate capital needs, analysts say. "If the company can continue to move toward development, potential acquirers may take an interest in its large, world-class silver project," Dundee Securities said in a note.
* Corriente Resources (CTQ.TO) - Developing the big Panantza-San Carlos copper project in Ecuador, Corriente is looking for partners. The owner of the Mirador and Mirador Norte projects, has a "good probability of being taken over," Wellington West Capital Markets said in a report.
* Candente Resource (DNT.TO) - Said in late September it was looking for a joint venture partner for its Canariaco copper, gold and silver project in Peru.
* Detour Gold (DGC.TO) - The past-producing Detour Lake project has a good chance of being acquired by a senior producer in the coming year, Wellington West said. Buyers may have to go through PDX Resources (PLG.TO) which holds a 42 percent stake in Detour.
* South American Silver (SAC.TO) - "The size and scope of the Malku Khota project makes South American Silver Corp a takeover candidate by a major with cash or cash flow," said Wellington West.
• Noront Resources (NOT.V) - Owns a promising nickel, copper and platinum property at its Double Eagle property in northern Ontario. Complicated by a recently settled proxy battle.
* Osisko Mining (OSK.TO) - Developing the Malartic gold project in Quebec with an estimated 8.4 million ounces. (Reporting by Susan Taylor; editing by Rob Wilson)
© Thomson Reuters 2008. All rights reserved.
In the imortal words of Pink Floyd,"hello, hello, hello, is there anybody out there ? just nod if you can hear me, is there anyone home?".
Is this thing working ?
Wow, absolutely no posts on BMK, SPQ, or KWG for more than a day. BMK much longer.
The silence is deafening.
drew2222
Ron48,
Good luck to Netherlands in the World Cup this weekend !
I still think Spain is too strong, but stranger things have happened.
I picked these 2 countries in the finals right after the top 32 were announced. Now let's hope my stock picking is as nearly as good as my World Cup predictions !
Drew2222