RE:RE:RE:RE:RE:RE:RE:Vote questionFurther, and mostly just to pass the time I was looking at the cash reserves of potential suitors. An all cash deal as a requirement might be tough. I am not sure that any large company would want to borrow in order to finance the acquisition given the uncertainty of the times and rising interest rates.
There are a few who could certainly manage it, but they have a responsibility to their shareholders as well. I don't doubt the intentions or the goals of Laurion and have no reason to believe they wouldn't make the best deal possible. It's like selling your house. It doesn't really matter what it was worth last year, or what you think it should be worth. The valuie is in what someone will pay.
Company - Cash Balance
BHP - 17.2B (iron, ore, coal and copper)
Rio Tinto - 11.5B
Vale - 11.7B (iron ore, nickel)
Jiangxi Copper Company - 37B (owned by the Chinese government, not likely)
Anglo American - 9.0B
Barrick Gold - 5.2B
Newmont Corp - 4.99B
Glencore - 2.7B
Sibanye Stillwater - 30B