RE:RE:Greenstone
The point I made is that once Greenstone manages to pick up another 10% of COP, that equity firm will be in the position of buying up 100% of Coro by way of a compulsory takeover bid under the current takeover laws. It would be fait accompli since it is axiomatic that they won't need shareholders' approval since they have already gotten the required super-majority 66 2/3% vote and any such takeover deal will be approved. About M & A Activities: According to Bloomberg [2014]: "The worlds mining assets may be the target of mergers and acquisitions as an $8 billion pool of private-equity money that has lain dormant is stirred this year by attractive valuations and predictions of resilient demand for raw materials. Some of the biggest names in the industry are keen to buy assets ...Other new mining funds include Toronto-based Waterton Global Resources Management and London-based Greenstone Resources, which was founded last year by former Xstrata executive Mark Sawyer and former JPMorgan banker Michael Haworth [a current Coro Mining Director]... Warburg Pincus, which has an $11 billion global private equity fund, is looking at assets owned by small mining firms in addition to the unwanted projects of the major companies... There are a lot of smaller companies who are unable to implement their development plans because of their lack of access to finance,