Re: Buy Out or Hostile Takeover?

Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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HighRigger

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Re: Buy Out or Hostile Takeover?

posted on Mar 21, 2011 11:01AM

If I owned Barrick Gold would I spend 10 Billion dollars on speculation?

No, however I would venture they know more about this area or this property than the average investor. Don't they own a good percentage of Dynatec? So they might try a low bid before the price is out of reach. If a company decided to do that, say $5 - $7 a hostile bid might be their only chance to take it out for less than 1 Billion.