smith&jones schreef:
..iemand meer info?
WEDNESDAY, MAY 21
Minera Andes; the latest word looks very good
Word from reliable sources is that Hochschild (HOC.L) has offered Minera Andes (MAI.to) U$250m for the 49% of the San José silver/gold mine that HOC doesn't already own. MAI is holding out for U$300m, but a deal is likely to happen.
MAI.to currently has 188.9m shares outstanding, and 223m fully diluted (most options/warrants are in the money). So if we use the fully diluted count, $300m would work out at U$1.35 cash per share, which is extremely sexy for a company currently quoted at $1.37 (in loonies). Minera would then have the cash on hand to move forward seriously on its wholly owned Los Azules copper project, also in Argentina, that has been returning very good drill results recently. Minera has other exploration-stage project in the region, too.
S&J.