Welcome To The Temex Resources HUB On AGORACOM

Temex Achieves up to 98% Gold Recovery in Metallurgical Testwork on High Grade Whitney Project, Timmins Gold Camp

Free
Message: From Stockwatch... GLTA!

Ian Campbell's Temex Resources Corp. (TME), up one-half cent to 11 cents on 737,000 shares, says two main proxy advisory firms support its plan to merge with Tony Makuch's Lake Shore Gold Corp.(LSG: $1.02). Lake Shore is offering 0.105 share for each Temex share, which was a significant premium at the time. Mr. Campbell, president and CEO, says he and his crew believe there are strong synergies between Temex and Lake Shore Gold -- perhaps in the sense that there can be synergies between a mouse and an elephant. (Lake Shore has a market capitalization an order of magnitude larger than Temex's market value, although Mr. Campbell's $205,000 salary is neither elephant nor mouse.) Mr. Makush, who earned $660,000 as Lake Shore's CEO last year, but also received a bonus of nearly $1-million, said that Lake Shore Gold already owns gold properties in the Timmins area, and he thinks Temex's Whitney and Juby properties might complement them nicely.

Share
New Message
Please login to post a reply