Hi All, Just thought a change of subject to the Cameron knocking would not go amiss. Barrick gold have made an attractive ? offer for Equinox . As sure as god made little green ones,the closing s/p will go up accordingly when open again. Now the interesting comparison here is the extraction costs of 2 dolls per lb, albeit in Canadian dolls. Barrick must really be very keen to pull this off, as they have out bid China's Minmetals. It may not be the final offer, and worth following as a spectator, or even more so, if a holder. There is only one word to describe this take- over play,, and that is,, [drum roll] COPPER.
Will leave for one to ponder the ramifications.
CDU Price at posting:
$3.09 Sentiment: Buy Disclosure: Held