RE:Pentwater answer to RIOSailingStone already indicated that they would consider about 60$ cdn a minimum acceptable ( based on RT own valuation). Very smart move by PWater to increase their ownership for... higher average. Now time is also money! Are they really considering long term investment in a new mine just starting their UG operation... Why not join SStorm for ETG if they really want to get into mining ? Still in early innings itseems!
UNKLAL wrote: is stick a pin in that latest stink bid for all of TRQ at $43.00 CDN. They purchased another 1.73% of TRQ on the open market at $41.74 avg share price!!! They also state in the news release this am, that the offer is way below what the cashflow will be for a mine that will be producing copper n gold for up to 90 years!!! Now remember that ETG probably has 3 times the resource that TRQ has n RIO wants to get control of the whole SHABANG for peanuts, I don't think so n I'm real happy we have SailingStone n Pentwater in our corner!!! What does the rest of this board think??? UNKLAL