EQN 5.71% 16.5¢ equinox resources limited.

I did a search on Inmet news items and found this from last...

  1. 145 Posts.
    I did a search on Inmet news items and found this from last night:

    TORONTO, CANADA--(Marketwire - March 10, 2011) - Inmet Mining Corporation
    (TSX:IMN) (Inmet) announced today that it has reviewed the Equinox Minerals
    Ltd. (Equinox) offer and concludes that there are significant risks associated
    with the hostile Equinox offer for Lundin Mining Corporation (Lundin). Inmet
    continues to believe the proposed merger of equals between Inmet and Lundin to
    create Symterra provides superior benefits to shareholders of both Inmet and
    Lundin without the risks associated with the Equinox offer.

    "The Equinox offer for Lundin is a high-risk, low-reward proposition, due to
    excessive debt, lack of strategy on future asset development plans,
    questionable growth projections and significant execution risks for Lundin
    shareholders," said Jochen Tilk, CEO of Inmet. "Symterra will be a financially
    strong company with an excellent production base, strong leverage to copper
    and tremendous growth potential. Symterra will be a vehicle for real value
    creation that will generate benefits for shareholders from day one."


    So, it looks like they want to stay together with Lundin.
    Suits me and I hope EQN management backs away











 
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