When we were talking about 1/2 a share of AEM for the FDN it (AEM) was trading in the 50's ( while ARU was bouncing between 8 and 9.50) which was only in December 2007.... Now AEM is about 80 and we ( ARU) are still bouncing in the same range...
AEM ( IMHO ) will be bought out if they do not make a sizeable acquisition of their own soon......I'm sure being bought out by Barrick is not something that AEM management would want....but Newmont and maybe even Goldcorp might be attractive to them...
Newmont is the most in need and Goldcorp (Telfer) is not afraid to pay a big price ( I.E. Glamis)......Goldcorp concentrating in Canada like AEM would have a lot of synergies...