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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

Sonomax® eers™ Custom Earbuds Announces Sponsorship of MUTEK 2012

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: Whaler's Xstrata posts on ISM

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bluenoser

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Whaler's Xstrata posts on ISM

posted on Oct 01, 08 06:48PM

I won't repeat them here, but Whaler has some interesting posts on ISM today about Xstrata's strategy on the Lonmin platinum mine they have been trying to acquire.

Essentially they dropped their acquisition bid and then just after the announcement picked up a larger position on the open market, bring their position to 25%.

I find this interesting for two reasons:

1. It is a sign of the times that Xstrata can pick up shares at a very large discount from what they had previously offered; and,

2. As much as we fret about financing and credit, there is a whole bunch of money out there still, and some of the big companies have a tremendous opportunity here to make some huge acquisitions at enormous discounts.

Cheers,

Bluenoser

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