MGO 0.00% 14.0¢ marengo mining limited

opportunity knocking, page-11

  1. 6,725 Posts.
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    I'm not sure les could prevent a wholesale TO but I'd image he'd ensure we got fair value. Ultimately the two major shareholders of the three (The Sentient Group with 22% George Sorro company Quantum 19% and the Canadians Pension Fund Omers 7.4 % )have the power to decide what happens here. All three are funds not miners so they will take a price that adequently compensates their risk reward investment. However the quality of these funds, and objectives (I'll post Sentients under its own thread)and the Omers adding as recently as last month I think we wil not be entirely displeased at the offer prices should they come to light.

    I agree MGO seems increasingly likely to be a long life, world class copper miner, and there in lies why its going to be a take over target.

    Who was the Major that was knocked back for a farm in earlier this year?

    Oscar
 
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