RE:RE:RE:RE:RE:DALE GINN ! WATCH OUT WITH THIS ONE ! SAN GOLD AND LIES ! halcro wrote: He notes that Gordon's forecasts "have taken on a life force of their own and if you care to listen, Gordon will tell you how it will all end...well, I'll just bet that neither Gordon nor Sprott would have ever thought in their wildest dreams that they would both, in their seventh decade, end up holding almost four million and 79,230,564 BGM shares respectively (we'll leave the warrants and options out of the total, as they're way, way underwater...and likely to dive deeper!!!).
And, likely if anyone had tried telling Gordon about the in-the-future, 4-million-share albatross in his golden years, he'd be likely to have said they were crazy.
If you go to www.sedar.com, click on company profiles, click on the letter corresponding to the company name and then click on the company, the profile which pops up lists the principal regulator.
Look at Glencore and Rio Tinto. Albatrosses indeed!!!.
www.mineweb.com/news/base-metals-and-minerals/glencore-sells-2-4bn-xstrata-mine-for-just-19m/
Glencore sells $2.4bn Xstrata mine for just $19m Glencore has sold the Cosmos mine to Australian nickel producer Western Areas.
Jesse Riseborough (Bloomberg)
| 19 June 2015 15:14
Glencore Plc extricated itself from one of the mining industry’s most value-destructive deals by offloading the Cosmos nickel mine for A$24.5 million ($19 million).
The Australian mine was bought in 2007 by Xstrata Plc, which paid A$3.1 billion for Jubilee Mines NL to gain control of the Perth-based company’s flagship operation. Glencore acquired the business when it took over Xstrata two years ago and put the mine up for sale in December along with two other nickel assets.
Glencore sold Cosmos to Australian nickel producer Western Areas Ltd., which said in a statement Friday that the mine provides it with new opportunities to explore for deposits of the metal used to make stainless steel. Xstrata’s acquisition was struck when nickel was trading at almost $32,000 a metric ton on the London Metal Exchange. It had collapsed to $12,660 ton by Friday. The deal echoes similar industry takeovers struck at the height of a China-fueled commodities boom that are also being unwound amid a rout in prices and softening minerals demand.
Rio Tinto Group, the world’s second-biggest mining company, sold Mozambique coal assets it bought in as part of the A$3.9 billion takeover of Riversdale Mining Ltd. in 2011 for $50 million a year ago.
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