Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (59494)	5/15/2008 1:19:28 AM
From: The Vet	Read Replies (1) of 78430

Lihir Gold share price has been dismal recently but today on the Aussie market it seems to have turned on high volume institutional buying. There are some other signs of life as well but the explorers are spotty in their recovery.. There is some M&A activity amongst the juniors centering on Lion Selection, Xstrata, Indophil, Newcrest and perhaps a few others as hostile takeovers and protective alliances form to protect beaten down, under valued and under appreciated assets. It looks like Lion Selection LST.AX is going to come out of the deal with a lot of cash burning a hole in their pockets. They have announced 3 different interrelated deals today and say they are still not finished. My guess is that some of that $230+ million they have just cashed will be spent this evening... They are still halted! This is the best looking general activity I have seen on the Aussie market resource sector for a while and gold, silver and the base metals are doing very little....

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