Big shame. At current copper prices they are getting CGG for about 4 times cash flow from JS alone. Cheap, very good deal for EQN. Our only hope for more $ is another offer or the additon of a second mine and exploration prospects makes EQN even more attractive to institutions and helps boost it's share price. I was hoping for a bidding war as i think they were always going to get snapped up by someone especially when they got 100%.. Actually i think any decent new junior copper producer will get snapped up once they clear all the hurdles.
I mean what is going on with OZL? I thought they were looking for 50kt/a projects to add. bizzare that they are not interested..
CGG Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
