The vultures are circling.......Now that First Quantum;s shares have been pummeled into the literal ground, they are NOW in avery vunnerable state and walking into TAKEOVER territory. I can see many of the usual suspects, the usualy predatory names salavating & licking thier chops at the prospect of grabbing & swallowing First Quantum's VERY "valuable & strategic" assets whole. And make NO mistake my friends, these are indeed VERY important &critically strtegic assets for gthe Western economies.
So i can definitely SEE, someone like the usual & most obivious names like Glencore, Rio & Vale making attempts to secure FM's assets one way or another. Even some of the untypical names like Newmont, Franco & Barrick (who desperately tried in the past btw !!!) to try their luck at grabbing FM at these levels. In short people, what you need to understand here is the following, FM's assets are TOO critically important for North & South America AND Europe, and anyone who who controls them controls the econmies of many nations. Especially one such as First Q, who pulling in a cool $1B annually for those lucrative properties.......
How can they NOT be a target for all these crooks with some underlying fundamentals like that?
Loook at this way friends, THIS IS a great buying opportunity right here, a once in a lifetime opportunity......with the massive drop FM's stock had in the last few days, it literally took ALL the risk from the Panamanian assets. Like they NEVER existed in the first place. So now the rewards outweight the risks imho.......AND the bomus here is the FM is now a VERY attractive TO target for half a dozen predators.......
In a year pr two from now.............buyout over $40 with or without Panama! But i'm betting it's the former.... 8).......
GLTA