GREY:PTQMF - Post by User
Comment by
pilk111on Feb 14, 2013 7:13am
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Post# 20986361
RE: Panama-America
RE: Panama-America And it seems apparent Inmet is going soon.
According to Chris Ecclestone in this interview:
https://www.gold-speculator.com/gold-report/83924-chris-ecclestone-gold-will-fall-time-switch-specialty-metals.html
here is the passage:
"TMR: You suggest that a merger of Inmet Mining Corp. (IMN:TSX) and First Quantum Minerals Ltd. (FM:TSX; FQM:LSE) could form a major Canada-based metals producer, which is currently the exclusive territory of Teck Resources Ltd. (TCK:NYSE; TCK.A:TSX). Inmet has rejected First Quantum's offer. Is that deal going to get done?
CE: It will get done. Inmet is doomed! The dividend yield it offered has been lousy. First Quantum has a much higher valuation and dividend yield, which just goes to show what gives stock a currency to do these deals. Inmet has missed a lot of opportunities in recent years. "