Sufiy.: Lundin Mining LUN.to LMC Take Over Bid

Friday, October 05, 2007

Lundin Mining LUN.to LMC Take Over Bid

If somebody was really interested to make a bid - it is right time: once uncertainty in DR Congo will be resolved stock will surpass CAD 20.0 and bid will have to be in CAD 30.0 region to be successful. With portfolio of Zinc, Copper, Lead and Nickel company is becoming very attractive target for acquisition. One of the suitors could be Freport-McMoRan with its pile of cash 2.0 bil USD and two J/V with Lundin Group: one in DR Congo - Tenke Fungurume and another one is Fortress Mining in Russia, which took off today to +20%? Is something going on?

Do you remember:

"Desjardins' take over price of CAD 25.00 for Lundin Mining based on Spring aquisitions value looks like a dream now, but time is flying fast and such bargains are not forever."

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