I don't mind the idea of being eaten... here shark, over here (imagine me beating the water furiously with my arms, leaking a little blood from a paper cut)
30%+ premium to current SP in a step like move, cash and equitity from the predator who would be in the same copper sphere (so I maintain exposure to copper price and rollover provsions for tax). The only difference would be the management. I would think the current management may see it slighty differently. :-)
I thought the trajectory of EQN SP had all good possibilities. Exploration, production increase, takeover possibilities giving it upside for yeasr too come.
Lundin maybe a good fit, the Lundin SP is attractive, the merger with Inmet meant it was an opportunity to pick up. Like the operation in Portugal, DRC copper belt, more geographical diversity.... etc... just a surprise.
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I don't mind the idea of being eaten... here shark, over here...
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