FOOL ME ONCE, shame on....
Here is my 5 ' take on the government of canada .....
How is it they allowed Canada's largest gold producer go to an american company?
Now, will they do it again with ABX? If ABX really wanted to bring up Copper production and Keep Canada In Canada two things....
1) Bring Managment HOME!
2) BUY CMMC:TSX
Why buy Copper Mountain?
a) 207M shares o/s
b) $4.60 stock
c) Second largest Copper producer in BC, #3 in Canada
d) DEBT FREE
e) 31 years of mine life left, before they develop two Auzzi assets
f) Management that is solid and well recognized and respected!!!!
g) Currently producing 95M pounds of copper/year
h) By this time next year they will be doing 135M pounds of copper production- DEBT FREE
i) 4 hour paved highway drive to Port of Vancouver and on to Japan for smelting and then the LME
J 103 from an old man, fishiin on the Bow in Canmore, stop letting our BIG Country assets go to Americans! Before its to late....
we do not need to be at anyones mercy!
Globe says Barrick could be at mercy of Newmont
2021-05-06 09:00 ET - In the News
Shares issued 1,778,371,343
ABX Close 2021-05-05 C$ 27.30
Also In the News (C:NGT) Newmont Corp The Globe and Mail reports in its Thursday edition that Mark Bristow, Barrick Gold's chief executive officer, is ruing a lost opportunity to buy a large U.S. copper miner at a bargain basement price, and is now opening the door to a merger with great rival Newmont. The Globe's Niall McGee writes that just over a year ago, when the price of copper was in the pits, Mr. Bristow openly pondered a friendly deal with Freeport-McMoRan. Had the transaction happened, Mr. Bristow may well have been hailed as a genius, as copper this year has marched to a near record high thanks in part to rebounding demand in China and speculative demand. Freeport made it clear it was not interested in any kind of deal with Barrick. During a conference call with analysts Wednesday, Mr. Bristow acknowledged the Freeport ship had sailed, and hinted that mistakes were made along the way. "Maybe we should have done it a little differently," Mr. Bristow said. Now Barrick has found itself in a slightly vulnerable spot. Newmont Gold, the world's biggest gold miner, has soundly outperformed Barrick over the past 12 months. While Barrick and Newmont were once close in stock-market valuation, Newmont could now be in the aggressor's position.