Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: POLL Opinions

Re: POLL Opinions...White Knight...Freeport McMoran

in response to by
posted on Mar 24, 2008 09:30PM

Even though they say their plate is full I think when the bidding starts Freeport McMoran might just be the "White Knight" that jumps in with a "real" bid to at least keep everyone honest.

They are a big hitter in both Gold and Copper and love the really big projects. I can't see them letting cheapo Barrick steal the FDN project.

They made one of the best acquisitions of the last several years with their purchase of Phelps Dodge and can gobble up the FDN project by issuing about 37.5 Million shares ( at a $ 25 US price)....Even at $ 50 US a share you are only talking about 75 Million shares....a minor dilution to the heavy stockholders.

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