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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: jackjc who wrote (18885)	8/21/2006 8:50:19 PM
From: Mr. Aloha	Read Replies (2) \| Respond to of 78413

EZM wasn't bought out -- they'll hold 57% of the new company after the merger. Barrick's cheap bid won't succeed. They'll have to up it if they want Novagold. I think the key for MMGG's Sierra Mojada is there will likely be multiple bidders, hopefully escalating into a bidding war. Both Anglo and Lundin will likely bid, especially if GTI stays on afer the fease to get them into production as they did for Skorpion. With the merger mania going on in the base metals sector, there will be lots of failed bidders for other projects who will also be interested in bidding on the biggest zinc project in the world that's in a secure area (Mehdiabad's in Iran, San Cristobol's in Bolivia). I agree that the best result for shareholders would be for them to go into production alone rather than in an undervalued takeover. However, takeover bids will help them get financing for production, as will the cash from other investors whose companies are bought out. If Mehdiabad and/or San Cristobol don't go into production because of politics/war, the price of zinc should skyrocket during the resultant crisis.