RE:no salefleamarket wrote:
well.... no one is selling into the bid today. That's good news. Hopefully we get a long awaited news release ASAP stating Ecuador gold and copper has been sold for 550 million dollars... Now that would be a good NR
Thats not outside the realm of possiblilities... Other mines of similar resources, or less, have sold for well over $1 billion in the same areas and while the high tax laws and royalties were in place. Whether or not the cheap sale of FDN will cast a shadow on these prices is not likely as there are many other companies that prove to be worth well more than the sale of FDN. I guess we will see.... When I first joined EGX, many posters were estimating a buyout of $800,000,000 ++. As nice as it sounds, I am not going to be overly optimistic here as Glenn is a hard man to follow. We shall see in the coming weeks... I've read articles where Eccoriente have started shipping mining supplies and machinery to Ecuador to begin setup and production by 2017. If we are going for the sale, the sooner the better for protential buyers. GLTA and do your DD.