GREY:JNRRF - Post by User
Comment by
megphion Jul 27, 2004 10:16am
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Post# 7748961
RE: Impressive
RE: ImpressiveIt's funny you mention that because I'm getting a similar impression, although it is only speculation. I am starting to think that IUC might be in the process of looking at taking out JNR. I believe they think there is a mine at Moore Lake and will maybe take JNR out before it becomes too expensive.
Deadfred has posted on the NCR board that something might be afoot there as well. That is the property to the immediate west of Moore lake, and it looks like the system might extend into their property. I believe IUC may want the entire area at 100%. Again, I'm just speculating but Dundee has bought a lot of shares of late and is holding the price up nicely while IUC is drifting down. If there is a deal in the future, I believe the currency used will be IUC shares.