RE:Lundin...Hi Tony,
appreciate your comments all the time, and hope the Q3 will be positive.
I am already over weigth on NSU and got another 10K on last Friday.
I know many people on this board have SGC shares, do you or anyone heard any news about their legal issue or last payment? Sorry to ask this question on NSU's board since there is NO SGC board or web site anymore.
tiger
tony1969 wrote:
If there was ever a time for LUN to bid for NSU it would be now or in the very near future. LUN stock traded as low as $2.98C in Jan 2016. It closed at $9.97C last Friday. The lowest NSU traded at that same time was $3.27C. LUN is 335% higher than it was then and NSU is trading 10% below that already distressed level. This was about 3 months before NSU bought RMC so the extra 100 million shares and the cash spent have to be taken into consideration. However the tremendous run LUN has had enables them to buy over 3 times the asset they could have bought back then for the same amount of dilution (using stock). They also have exponentially more cash now after they sold that stake in the African mine. I do not expect any move by them in the near future as they probably want to see the PFS in Q1 before they make a decision but it would not surprise me if they or any other base metal company use their high stock price to make a bid soon...