Post by
Marlbank on Aug 29, 2013 2:24pm
Here's my take..
for those of you who have seemed to lose a grip on reality. There was a leak. It caught at least one of the parties by surprise. NVS, in partucular, is in serious damage control mode, having spent months edging toward an incredible price. The rumoured price is high to pre-emptively squash opposition to a Chinese buyer. The rumoured price is far and away above what a Canadian company would have offered. NVS is a minnow and no one will object to its purchase - not the least because it puts a very high floor on the value of Canadian juniors. The whole thing is a house of cards. It's very possible the buyer started the rumour, either as a negotiating tactic, or as a way to wriggle off the hook. I would, everyone of us, sharply lower expectations and then cross your fingers and hope this is not a dream.