M & A Mid-Cap On The Rise-FT

"Dealingmaking activity among mid-cap miners on the rise."-Financial Times, London, 8 May 2018.

Link:
10 hrs ago, Sun 13 May 2018
Tweet: "M & A among mid cap miners is on the rise, coming after, Oz Minerals $330m offer for Avanco Resources, Lundin Mining & Euro Sun made a $1.1b bid for Nevsun Resources." [CLICK link to read]

Quote from the FT:

"Mergers and Acquisition [activity] appears to be building up in the mid-cap space, said analysts at Investec in a note.  The flurry of  dealmaking underscores the attractiveness of COPPER, where DEMAND is poised to OUTSTRIP SUPPLY due to a LACK of mining projects."  

Berenberg brokers also commented in the FT article. The Nevsun M & A is for Timok Copper in Serbia.


Comment:

"Nevsun Resources closes Reservoir  Acquisition creating a diversified Mid-Tier base metal co."-Nevsun 23 June 2016
https://www.nevsun.com/news/2016/june23/   [Timor Copper Gold Project]

Click article to see the resource size. If link does not work, put title into search engine.

>My comment: So Nevsun took over the Timok Copper Gold Project in June 2016 and now Nevsun itself has received a bid to be taken over by Lundin etc 5 days ago. [Bid Announcement].  So Timok is attracting a bidder for the SECOND TIME. T

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"WHERE STEVE TORDORUK EXPLAINS WHERE HE IS SPECULATING NOW."-Mining.com 12 Dec 2014  [Sprott  Thoughts]

Link: www.mining.com/web/steve-tordoruk-explains-where-hes-speculating-now/

[I have posted this article before a long time back on Hotcopper DGR relating to Solgold, a DGR sub]

Quote:

"What deep deposits are worth looking at now as potential TakeOver Targets? Steve says there are Two projects he is following closely. The first is Cukari Peki project in Serbia." [Ref: Reservoir/Freeport - Mineralization starts at 1,320 feet below surface. They have also discovered a deeper  deposit nearby with  much lower grades..could turn out to be very large..block cave etc.]

"A Second  project he*s interested in right now is the CASCABEL DISCOVERY in Ecuador..."  [Read the details]

[Steve Torodruk worked as a field geologist and is with Sprotts].

Comment:

"BHP Billiton rebuffed by mining minnow Solgold."- Financial Times, 10 Oct 2016
"BHP Billiton and Newcrest Mining battle for SolGold stake." Financial Times,10.10.16
[To read, put the two titles into the search engine. It is a historical reference]

So what Steve Torodruk said on 12 Dec 2014 has come to pass for Cascabel [Solgold/Cornerstone Resources]

In the Mining.com artice re: Steve Torodruk, he also talks of Ecuador mining taxes and of late that has also been brought up by the Ecuador govt.

My Comment:  Interesting
Solgold, Hotcopper DGR, Sun 13 May 2018

Posting under a separate title because M & A appears to be the subject of the day?