TSX:LSG.DB - Post by User
Post by
Timminsgoldon Mar 24, 2006 6:19pm
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Post# 10561804
TAKEOVER/SPECULATION
TAKEOVER/SPECULATIONA great day for gold!
A greater day for LSG!
Here is my take on the N/R. LSG shares have been in free fall for the past several weeks. LSG management were getting concerned/antsy about the possibility of a low ball offer, hence the poison pill.
Consider the following:
- more than seven potential purchasers have signed the N/D Agreement. None have yet to make a formal offer, hence the N/R.
- however, I continue to believe that a takeover offer will be received within the month, but maybe even earlier.
- the quality of potential acquirers, continues to impress
and would make a great partner.
- none of these "romeos" is FNX.
MY ODDS HAVE BEEN REVISED AND AS OF 3/24/06 ARE AS FOLLOWS:
Goldcorp@ even money
Others 2/1
Newmont 3/1
Barrick 5/1
Goldfields 8/1