Ray
I think that Mr.Wilson is ready for another feather in his hat. Getchell,South Africa,Las Christnas,followed by his creeping takeover of Lihir Gold Mines through Vengold.Rumour has it Battle Mountain wishes to sell its 18%, Vengold which Placer has a large percentage owns 17% already. Lihir is a huge,low cost producer,built,operating and making money,could be the crowning touch,Barrick can now start creeping takeover,can deal direct with TD,as Hollinger did with Irwin Micheals at ABC Funds for Southam.Black paid $5 over market for direct transaction. Problems to appease shareholders white
knight must bid at least $6.25,what the Lundins wanted from Barrick.Haven't got it yet,and the Lundins know how to get bids example (Musto). Good Luck,but Barrick plays tough and dirty but you can't deny their results.
Steven Lolas |
