Yamana........... An ideal buyer of Lindero?From Yamana's website: List of 2006 Achievements:
Acquired Viceroy Exploration Ltd. for $549 million adding Gualcamayo as an advanced-stage feasibility project and expanding Yamana's operations into Argentina.
Do you think Lindero could be on their list of 2008 Achievements? I think they are an ideal buyer of Lindero. Their currency (stock price) is around $18.00 per share and it trades plenty, suberb liquidity.
I'd be willing to take .4 of a Yamana share for every 1 share of MDR = $7.20/share. Strip out Lindero and MDR shareholders would still have 50% ownership in Rio Grande plus a portfolio of other properties, my guess is that MDR would trade around $1.00 to $1.50 per share after Lindero is stripped out. (I am being very conservative here)
MDR @ $3.15 (current price)................ WHAT A STEAL!!
Have a great week all you longs, every day is another day closer to PAYDAY.
Cheers, SL