Zinc in Shanghai today rose by excahange limit of 4% to $2,866us(Bloomberg).Hopefully now we should have a few good weeks as BHP Billiton,which I think will make a formal bid for Rio Tinto.And do not forget that Brazilian Vale (CVRD) is also said to be about to launch a takeover bid for Xstrata.Vale is the second or third biggest miner in the world and Xstrata number 5 or 6.Also Xstrata is the biggest Zinc producer in the world.We need the optimisin of these big takeover bids, as I believe they know whats going on better than any one else.And most important of all high Zinc and Lead prices,good production results,also the stock markets to return back to an up trend and lots of takeover bids.Happy hunting Bye bye Hoggle
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
