RE:RE:Takeover Window Regarding takeovers. From what I read from analysts over the last few weeks, talks on financing for shares have been in the works or hinted at. I expect Brokerage houses and no shortage of Institutional holders are willing to provide funding for the Valentine Lake Project. If I'm right, Marathon management are already talking the deal and I expect Franco Nevada will be in on it as well. They win no matter what the deal.
Analysts repeat and say Marathon Management "has the mind set to build a mine". So my assumption is just that and while I would prefer a buyout to be contrary the only thing that may change is if the financing and to a lesser extent drilling becomes so overwhelmingly positive which may be factored in already, is that a larger company decides to take advantage of the low share price faced by Marathon to make a move prior to financing. I just don't think it is likely given what the large institutional investors can make on this deal short term. And the takeover window is getting smaller.
With the feds charging ahead on interest rates inflicting pain and no gain I remain bullish on Au and given the above scenario, for some group to take advantage of this drop in share pricing would be a good move sooner than later. Gold $2000-$3000, When ?
Just my opinion. Have a good long week end a Brandy may be needed to ease the pain.