Unfortunately for us small holders Squader " Peter Bird is presenting at the Mining Journal Select London conference at 12:50 UK time today.I guess the presentation will appear on the RXM website soon.I am hoping it will generate some international interest.
A thief in the night will likely swoop, paying not much!Iron ore billionaire and green energy crusader Andrew Forrest has just fired the starter’s gun on what’s likely to be a wave of merger and acquisition (M&A) activity among small miners.
Forrest’s $760 million bidfor nickel minerMincor (ASX: MCR)is set to succeed, not because it’s a particularly generous offer, it’s more case of him having liquid cash firepower at a time when financial markets are in turmoil.
The offer was pitched at $1.40 and there is a new valuation of $1.95 on Mincor from Royal Bank of Canada (RBC) which described Forrest’s proposal as “opportunistic”.
It clearly is because Mincor was trading at $1.85 just two months ago.
Unfortunately for us small holders Squader " Peter Bird is...
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28.0¢ |
Change
0.015(5.66%) |
Mkt cap ! $215.0M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 28.0¢ | 26.0¢ | $308.3K | 1.131M |
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|---|---|---|
| 1 | 88138 | 27.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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