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Message: Red Lake Activity - Not Far Removed from Bissett

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Re: Red Lake Activity - Not Far Removed from Bissett

in response to Red Lake Activity - Not Far Removed from Bissett by NorthLion

posted on Aug 01, 08 09:51AM

That all changed on June 26, when Toronto's Agnico-Eagle Mines Ltd., made a surprise purchase of Gold Eagle stock. The $50-million private placement gave Agnico a 5-per-cent stake in the junior miner and warrants entitling it to raise its holding to more than 7 per cent. Suddenly, Goldcorp decided it was time to make a deal.

It would be nice to see Agnico make a surprise purchase of SAN stock and add some gas to the flame.

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