JBM jubilee mines nl

takeover extended to 31 january 2008, page-7

  1. michinyon
    6,716 Posts.
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    08/12/07
    01:53
    Post #: 3091363
    As interest rates rise, the time value of money also rises. With these big extensions of the offer they get to delay paying for the shares. Its as simple as that.

    Meanwhile the mining goes on and the company continues to rake in money. But xstrata doesnt have to pay any more for it.
    JBM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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