Let the games beginNot sure who Amerigo is yet but to bet $11 million on Marcona is a fairly bullish sign I would think. RT must be the vendor cashing out at nearly 100 percent over the equity piece to get the deal with CHD done. Another chapter in the CHD book has been written as shares fall into what one could describe as safe hands. If someone can tell us who got the RAB shares ( it is not otherwise apparent from SEDI from what I can tell) we might be able to solve the CHD mystery.
I think based on todays late day trade ( RT could not wait for the scoping study to end of April) that we go much higher from here. The Amerigo buy is an endorsement of the Marcona potential I believe. These guys would not be in for 20 cents ( the delta to the analyst mid point ) if this was not the real deal.
AMR smells a cheap copper mine for sure. Lets not let this one go without a fight. If indeed CHD is worth 65 cents based on the analysts view of the world( which I believe is grossly conservative) we should be able to get a buck or better out of these guys or the other wannabes who are hanging around the hoop.
Let the games begin on Monday!!!
Coyote13