RE:well Didn't Nevsun say they would keep us up to date as to how the Zijin tender was progressing?
No update = low percentage tendered? Lundin is returning shares, so some thought there offer was good enough. Argh!
After the trade dispute is settled copper should recover its shine. Copper had formed an inverse head and shoulder pattern that measures to approximately $3.00. The longer the right shoulder grows the less likely $3.00 becomes. FCX has stated they will not be buying Brown assets until copper is above $3.00. The buyout will be closed before that happens? Zijin is looking out into the future and others aren’t. Peter said in his pod cast mining assets have never been this out of favor. Is there a second upper zone, most likely.
So to answer your question, as crazy as it sounds, looks like $6.00 will be it.
GLTA