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First Quantum Minerals Ltd T.FM

Alternate Symbol(s):  FQVLF

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.


TSX:FM - Post by User

Bullboard Posts
Comment by WalkingThroughTheRainon Dec 17, 2012 12:48pm
210 Views
Post# 20740383

RE: Another overture for Inment

RE: Another overture for Inment

Is this offer being made just to keep control of the company by management?  It seems steep to me.  I was hoping FM would stick to the plan and keep picking up beat down juniors and developing them as they've done in the past.  Kevitsa was great.  They could be picking up the next Kevitsa - Prophecy Platinum - right now and about a half dozen other good junior prospects, but instead they are going this direction.

 

I do agree that this isn't what most people signed up for - big mergers - and that a FM takeover by someone else would be great in the short term.  However, management has done very well for us in the past, and I hope they are on the right track here as well.

Bullboard Posts

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