GREY:NEVDQ - Post by User
Comment by
thomsonion Feb 12, 2014 12:16pm
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Post# 22200390
RE:RE:Hudbay makes an offer to AZC
RE:RE:Hudbay makes an offer to AZCI wonder what Hudbay's motives really are with the lowball offer for Augusta. I saw one analysis indicating Augusta was worth about $7.00 or so a share and Hudbays offer was less than half of that. Some analysts have rightly concluded Hudbays initial offer stands no chance of being successful. its my understanding that Hudbay already owns some Augusta. So consider this possibility. Maybe Hudbay put Augusta "in play" in hopes of attracting better offers for its share position. If successfully cashed out of Augusta, this could free up funds to make an offer for another undervalued copper development project....in the final stages of getting all permits approved. Its total speculation on my part but an interesting possibility none the less.