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Gold/Mining/Energy : Cambior Mining Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (34)1/4/2000 4:13:00 PM
From: Peter Neidhardt  Read Replies (1) | Respond to of 45
 
Does anyone know the long-term viability of the company? I read in different Brokerage reports that the breakup fee of the company was $2 US. Does the shareholder benefit from the breakup of a company? Brokers seem to think that either the company will breakup, sell important base-metal assets and may merge not with a major but with another mid-cap producer. The size and production of the assets is not enough to warrant a large producer buying them out.

My question is do I sell now and invest in a better leveraged company like Golden Star or do I hope for a positive outcome for asset sales? It seems as though they have a lot of debt to tackle this year and have upward production capped.

Thoughts?

Pete