takeover talk..
" two people familiar with the matter said they failed to reach an agreement in talks on a joint bid"....companies involved do not comment.
15 mil shares traded again today. 58 mil in 3 days. Down 15c when markets tanking(except gold so tsx up)
Volume tomorrow should signal if Lundin is still in play. I think it is. Either way it is worth more than 5 bucks. No debt and over 300 mil in cash.
On a side note I find it very interesting that Freeport has still not announced the xpansion, phase 2 of Tenke. Lundin s/p would bounce up nicely when this goes ahead. Delaying why? Do they want to keep Lundin's s/p down? Quite possible.
GLTA