Shares of Mercator Minerals(TSX: T.ML, Stock Forum) jumped 10.6% to $2.81 with more than 10 million shares traded Wednesday, as posters weighed in on takeover rumours involving the company.

While Mercator released no news on Wednesday, an article from the National Post mentioned the company, as it noted that molybdenum producer Thompson Creek Metals (TSX: T.TCM, Stock Forum) announced a $217 million bought-deal financing on Tuesday worth $217-million with plans to use the cash for development and expansion of existing mining assets, exploration, acquisitions, working capital, and general corporate purposes.

“Good matches for the company include Mercator Minerals or a team-up with Quadra Mining on its large Sierra Gorda project in Chile,” said the article.

On the Mercator Bullboard Wednesday, Birpind1 said: “TCM has stated they are looking for an acquisition and looking for a company with copper production.”

And, intowin said: “Strong rumor today of a TCM takeover. I'll sit and enjoy the ride”