"Posted by Peter Grandich at 12:49 PM on Tuesday, August 25th, 2009 Lots of inquiries about action today in Nevsun Resources. As you know this is a prime takeover candidate IMHO. The shares pulled back recently during the consolidation in gold and the umpteen no, new-news story of America’s political view on Eritrea. I had hoped this way overblown concern and gold weakness could bring Christmas early by allowing purchases at $1.40 or under U.S. We almost got our present.
Whether today’s latest rumor of takeover amounts to anything or not, I do believe barring a collapse in metal prices and/or a dramatic escalation of the friction involving Eritrea, a takeover of NSU is not if, but when. This is a superb project with a fantastic payback schedule.
If and when such a deal takes place, I suspect Eritrea can become a major area play given the tremendous exploration potential it has. Sunridge Gold (SGC-TSX.V $.40) is a natural “next-in-line” play with a strong package of projects. My belief, albeit prejudice due to the working relationship I have with SGC, is SGC becomes the next institutional/mining company darling in the area.
Stay tuned."
Wednesday, August 26, 2009
Sunridge Gold is on the move. SGC.v, NSU.to, HUI, XAU, LUN.to, CGH.to
Something is baking on. Is it an M&A?
Labels:
Africa,
china,
Copper,
Gold,
Treasury Bubble,
US dollar collapse,
Zinc
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