Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (7575)	1/11/2010 2:00:00 AM
From: teevee	Read Replies (1) of 8273

but why cheap? Because an investment banker/broker is hired for an opinion, and the opinion comes back as requested. Looking at Northgate's history, primarily as resource project financiers, and looking at how they set up Miss Piggy from the start on Kemess, you just know they would elicit a share exchange, and very favorable to Northgate. The recent takeover of Selkirk by Imperial Metals comes to mind, and that was a VERY "cheap" deal that totaled about $11 million in cash and stock for not one, but two deposits. Needless to say, control of TRX is on the street, and fund managers would be assured of participation in financing Milligan AFTER they tendered their TRX paper-its just how these kinds of deals get done in Toronto;-) Briefly, I believe TRX is a sell at anywhere near a dollar.

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