Post by
psj567 on Mar 07, 2016 1:01pm
Lundin and Freeport both want Timok badly
Based on this morning's conference call, Lundin wants Timok badly. Freeport having structured the deal to keep a majority interest in the porphyry also wants Timok badly. Guess who is sitting in the driver's seat with the right of first refusal?
Comment by
psj567 on Mar 07, 2016 2:28pm
The keys to Timok go through RMC now. Lundin and Freeport (and every other company that wants to acquire all or part of Timok) know it. With a tight share structure and strong hands owning the stock, an acquiring company will have to pay a substantial premium for RMC.