New Properties? MintoNothing like waking up to an Ellis fluff job, I needed that this AM.
On a more serious note - remember Minto's up for sale. PwC has a website for this receivership, complete with process, timeline, etc. Among the other information is that at least 44 interested parties have discussed with PwC, including whether they intend to bid. If our board is M&A focused as Paul mentions, a joint bid with Rio is a no-brainer. We started discussing this in the springtime, soon as Minto was announced as For Sale.
https://www.pwc.com/ca/en/services/insolvency-assignments/minto/sales-process.html
Coincidentally, the anticipated date to announce/notify the Selected Bidder?
November 27th.
IMO, far more likely than Rio acquiring Casino for Pr0nographic valuations. This whole "other majors will swoop in from nowhere once Rio makes a first bid" conjecture is Exhibit A in why noone takes retail investors seriously.
I promise not to gloat when our final sale price is below $1b CAD.