Reports that Xstrata would like to merge with Anglo American are circulating tonight. Some feel AA is vulenable at this timeand may be forced into this. It’s far too early to handicap this since its only a desire by one party to engage in talks.

Those interested in NDM should lose no sleep as any merger doesn’t change the AA/NDM deal. One could argue that the Pebble could be even more desirable to such a merged company.

I’ve been eying a personal entry point into Nevsun Resources. The stock saw weakness into last Friday and then had an awfully strange trading pattern late in the day. After being weak all day Friday, the stock spiked up on the TSX into the close but then saw two very large blocks trade much lower in the U.S. after market. The only explanation I can come up with is there’s been a large forced seller and they had to be out by Friday. I doubt many Canadian traders are even aware of the big price difference.

I’m hoping gold is lower in the morning and if NSU is weak again, I hope to pull the trigger despite being away from the computer.

http://grandich.agoracom...