RE: takeover offer Im not sure of the time frame....but Nevsun did hire a financial consulting firm last year... so a takeout is not out of the question.....
The shorts and naked shorts pounded this down..... 4% was the estimimated impact on earnings for 2012... and the stock got creamed for over 30%..... huge overreaction!!!! the only people looking stupid... will be those who sold over the last few days....but could be a huge sign that a much larger firm might take swift action in a hostile takeover bid....
Opportunities like this dont come along every day... over 10 million shares traded over the past few days....Nevsun has 200 million shares outstanding.... the weak hands....gave up their positions....
so their are 10 million shareholders buying in at 4-4.50 range give or take....locking in for a potential takeover...not to mention Q2-Q3 revised deposit info...expected to be double the reserve life of the mines Bisha and Harena
consider this....had Nevsun mgmt invisioned a severe impact to earnings in 2012.....they would announce a dividend policy change.... another positive.... by the end of this calender year.....this stock will be trading higher if its not taken out earlier...
no change to dividend in 2012.... a huge sign that they will have a great year operationally again this year