SHD sherwin iron limited
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buffinland takeover

  1. Mikrokosmos
    3,195 Posts.
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    01/10/10
    02:18
    Post #: 7266523
    Seems there is some action in the iron ore market.
    The takeover was at 0,75CAD per tonne.
    So when SHD has proofed 1bln tonnes.
    SHD would have a mcap of 750m, without production.
    Fully diluted 1,50 AUD per share.
    So lets go on to Produktion :)

    http://www.proactiveinvestors.com/companies/news/8624/-baffinland-receives-274m-takeover-approach-from-energy-minerals-group-8624.html
    SHD Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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