RE:RE:RE:Video: Sunridge Gold Boss Hails Key Approvals in EritreaThis is what was happening to nevsun a little under a year ago...
The company’s stock closed November 19 at $4.23 per share. The TSX temporarily halted trading on Nevsun stock November 20. It spiked 25% to a day high of $5.30, settling at $4.95 at close of markets.
The jump in Nevsun’s stock prices appears to fueled by speculation that QKK Corp. is planning to buy Nevsun for $1 billion – a number that has not been confirmed by any named sources.
Nevsun responded November 20 with a press release:
“Nevsun has recently received from various parties expressions of interest on a potential corporate transaction. We take these enquiries seriously however any discussions are at a preliminary stage and there is no certainty that any transaction will be completed. Management is not aware of a bid for the company.”