CIBC world markets take over targets CUUGlobe says Minera, others could be takeover targets
2010-09-15 06:40 ET - In the News
See In the News (C-MAI) Minera Andes Inc
The Globe and Mail reports in its Wednesday, Sept. 15, edition that CIBC World Markets analyst Ian Parkinson has done an extensive review of junior copper producers that trade on the Toronto Stock Exchange, combing through more than 160 companies and more than 200 projects to determine which players are most likely to draw the acquisitive eye of large mining companies and sovereign wealth funds in China, India, Brazil and other developing economies. The Globe's Simon Avery writes in the Number Cruncher column that Mr. Parkinson says merger and acquisition activity is set to jump in the space and investors who choose the most attractive junior players will see substantial returns. He says, "In very simplistic terms, we believe if you're long what China's short, you're in a good position." Mr. Parkinson recommends buying Minera Andes, Terrane Metals, Augusta Resource, Antares Minerals, Far West Mining, Copper Fox Metals, Nevada Copper.