Spanish language report here
UPDATE 2: Coincidentally (????) August 12th was the day after her big election loss this year.
Final update: Here's Reuters English language
You cannot make this shit up. I repeat
TORONTO, ONTARIO--(Marketwired - Oct. 4, 2013) -Liberty Silver Corp. (LSL.TO) ("Liberty" or the "Company") has entered into a non-binding letter of intent with BG Capital Group Inc. for a total of U.S. $1.0 million debt financing (the "Loan") subject to a number of conditions, including due diligence, definitive documentation and approval of the Toronto Stock Exchange (the "Exchange"). The Loan provides for an immediate advance of U.S. $50,000 with U.S. $200,000 to be advanced at closing and execution and delivery of definitive documentation, U.S. $250,000 at the end of the first quarter following the closing date, and two further advances of U.S. $250,000 at the end of each of the next two following quarters.continues here
My best guess was right. LionGold is in buyout talks with Minera IRL
Let the fun begin
Here's the NR
1) Jennings covers Minera IRL (IRL.to) (MIRL.L) and likes the stock too, with a 75c target price on the current ~25c stock.
2) The Jennings analyst is Kwong-Mun Achong Low and I'll bet you a full dollar to a lowly donut that his Mandarin Chinese is up to scratch.
3) IRL has one producing gold mine and two others under development
4) IRL is listed on three foreign stock exchanges
Oct 4 (Reuters) - Singapore-listed gold miner LionGold Corp Ltd, whose shares are suspended by the Singapore Exchange, said it is at an advanced stage of negotiations to acquire a stake in a company listed on three foreign stock exchanges.But the unnamed target firm, which has a producing gold mine as well as gold mines under development, is considering if the acquisition should continue in view of the suspension, LionGold said in a stock exchange filing.The target company was introduced to LionGold by Jennings Capital Inc, a Canada-based investment dealer, LionGold said.The Singapore Exchange Ltd suspended trading in three stocks on Friday, warning the market may not be fully informed after a plunge in their share prices, with one falling more than 60 percent. (Reporting by Eveline Danubrata; Editing by Rachel Armstrong)
...gold, kitco 3 dayer:
Andy Home is always a good read on metals, yesterday he was a very good read on copper. So read this
...the gold/oil ratio, three years:
SCOTTSDALE, AZ--(Marketwired - Oct 1, 2013) - International Minerals Corporation (
TSX: IMZ) (IMZ.SW) (the "Company" or "IMZ") announces that it has entered into a binding arrangement agreement (the "Arrangement Agreement") with Hochschild Mining plc. ("Hochschild") pursuant to which Hochschild will acquire IMZ, primarily for IMZ's 40% interest in the jointly-owned (Hochschild 60%) Peruvian assets: the Pallancata silver mine and the Inmaculada gold-silver development project.Hochschild will acquire all of the issued and outstanding shares of IMZ (other than those that it already owns) by way of a court-approved Plan of Arrangement under the Business Corporations Act (Yukon).Pursuant to the Arrangement Agreement, each IMZ shareholder (other than Hochschild in respect of the cash) will receive consideration comprising:
- US$2.38 (approximately C$2.46) per common share in cash; and
- One common share of a new Canadian public company ("SpinCo") for each common share of IMZ.
- The following non-Peruvian assets and liabilities of IMZ will be transferred to SpinCo at closing:
- IMZ's remaining cash and receivables (estimated at approximately US$58 million); and
- IMZ's non-Peruvian (primarily Nevada) subsidiaries and related liabilities.
Dedicated to MM, JM and TK:
Worth watching just for the Alice Springs bit.
PS: If you need NSFW notices you shouldn't be reading IKN in the first place, dumbass.
GORO this morning has a sudden uptick in volume.
The total purchase price on a fully diluted basis, including assumed net debt, and excluding funding of ExploreCo, will be approximately Cdn. $1.6 billion . Financing of the acquisition will be accomplished by cash on hand and bank credit facilities including a committed U.S. $1.3 billion short term bank facility, which the Company expects to refinance after the acquisition is completed.
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