RE:AZX SALEMagrath,
Agree that AZX would be a good fit for ELD, since Triangle deposit and the Mill are within a stone throw. But the question is would AEM and ES would allow ELD to come to the table, unless the offer is just too good to ignore. Fo that scenario ELD would need to come up with much much more than $120M, and nobody would want to hold ELD shares, in view of the Greece and Turkey situations.
There is a theory floating around that ELD could be a potential target for a TO itself. Some majors and even mid-sized companies are circling overhead waiting for ELD to get into trouble then swoop in for a kill. The old ICG properties with Triangle and other deposits and the milling facilities are quite valuable and would be worth over $0.5B (its original price), so this alone plus the spare cash would be equal to ELD Market Cap of ~$925M. All off-shore holding could be divested to a good sum of money, even at discounted price.
My favourite scenario is still a two stage process: Merging AZX with PRB (paper swap would be fine, with a reasonable premium for AZX) and perhaps shortly after with QMX as well. The puppet masters (AEM/Sean Boyd and ES and OR/Sean Roosen) would wait for 1-2 years to outbid G for the whole enchilada. ES was looking for a multi bagger (say, over x5 for his money), so are we?
Just my speculation folks. Do your own DD before rolling the dice.
GH
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Magrath101 wrote: I think Alexandria would be a good fit for Eldorado. they could buy all of the assets for $120 million or so. They could keep Orenada and the triangle zone and have more feed for their sigma mill. It is possible that these zones could hold 2 -21/2 million ozs. They could sell the balance of the Quebec assets which altogether have 834,500 measured indicated and inferred ozs to Probe and still leaving the Ontario and Manitoba assets that they could sell. Could happen. JMO