RE: RE: RE: RE: RE: Market cap glenfarclas,
I've owned four Canadian mining stocks that were involved in takeovers. Only one [accidently] benefitted the shareholders - that through no fault of the acquirer or the acquired. The others were victims of a relentless pressure to push the stock price down into the gutter and then a buyout was announced and the shareholders got shafted.
No, I don't trust management and I don't trust the big companies as in ALL three cases a deal was made - behind closed doors - to screw the shareholder - and management agreed to the screwing and was rewarded. The worst was LionOre which Xstrata tried to steal. Norilsk ended up paying a $850 MILLION break fee that was shared by Xstrata and LionOre management. Thieves every one.
The stocks were Rio Narcea, EuroZinc and LionOre [the Xstrata theft attempt] the other two were Lundin takeovers and ALL of those deals the shares were pummeled and then the shareholders were screwed so I'm not real impressed with what I've seen in those takeovers. I'm glad you have had a different experience but I would be surprised if Brennan didn't sell and if he does I'll wager we do see the share price go down, down, down and after a few months here comes that "generoous" white knight. Look them up.
I would suggest what has routinely happened in the past is a pretty good indicator of what will happen in the future. You can agree or disagree. I would be surprised if Brennan runs a mining company and Ill be further surprised if he really concerns himself with other than taking care of number one.