GREY:HRIVF - Post by User
Post by
cfaeron Jul 01, 2007 8:41am
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Post# 13024826
Long rumoured
Long rumouredIt's only a matter of time with dwindling resources elsewhere that key junior and becoming mid size players in Burkina Faso area would be taken out by a major.
As example, Goldfields has been a major player in partnership with with Orezone in proximity to HRG and they would be sure be amis not to move sometime soon in advance of others likely hovering around.
Not just UBS on Fri, but for past few months other similar houses have been picking up HRG/OZN but OZN has been in a lull of late except for Fri in comparison the more active HRG prob due to HRG's advanced state of ready to produce, esp Bissa potential and all that valuable mining infrastructure they have in place to process.
Luckily HRG was very strategic to have invested in this infrastructure earlier.To have to fund such an endeavour now would be very high cost - very smart move and just these assets would go for a considerable price if sold .