RE:Single Asset Buyoutscorrectomundo Bobbi
BobbiOre wrote: Single asset buyouts almost always get the top dollar in their respective sectors. It's much less common in the exploration world for a company to get purchased for a jumble of assets at different stages of development. Examples.
Dia Met - Ekati purchased by BHP
Diamond Fields - Voisey's Bay purchased by INCO
Arequipa - Pierana purchased by Barrick Gold
Hathor - Roughrider purchased by Rio Tinto
Probe Mines - Borden purchased by Goldcorp
Folks, these single asset purchases command top dollar and the greatest return for shareholders.
Convoluted companies with a mish mash of projects, that have been rolled back, financed, refinanced and diluted with multiple stock options to insiders get shareholders the shaft!