Jo, MXV & NFX sind definitiv out. Habe mich nach langer Quälerei von beiden getrennt. Brauche die Kohle für aussichtsreichere Invests wie Sabina-Silver o. ......;o)
Habe ich was gegenteiliges gesagt? Bin ganz Deiner Meinung! Dennoch ist Sabinchen ein heisser Übernahmekandidat. Und ob es bei einer Übernahme 7? gibt, möchte ich doch bezweifeln.
Happydepot
: so leude wer noch keine hat,sollte sich noch heute
welche zulegen,ab morgen steigt die Party.
Die Meldung läuft gerade über alle Ticker in Canada und Wallstreet Online. ZINIFEX will stick with its $384 million pared down price for Wolfden Resources. Zinifex formalised its offer after going through Wolfden\'s books and has secured a "no shop, no talk" deal.
"Due diligence has confirmed our views that Wolfden would represent an excellent fit with Zinifex\'s strategy to expand its mining business," chief executive Greig Gailey said.
"We are therefore pleased to progress to the next stage by formalising our offer for Wolfden with the support of Wolfden\'s board and management."
The offer of $C3.81 ($4.10) a Wolfden share values the company at $384 million.
But while this is a step back from the previously suggested price of $C3.90, the overall cost for Zinifex has risen slightly from the previous total price of $382 million, with the inclusion of all options and warrants.
Wolfden\'s board has given the takeover bid a positive recommendation. It has also entered into a support agreement that includes a break fee of $12 million and a restraint on Wolfden soliciting competing offers, but gives Zinifex the opportunity to match any opposing offers.
A Zinifex spokesman said the previously mooted price was purely indicative and conditional on due diligence.
"Due diligence is a complete review of the organisation and can identify things that go to value," the spokesman said.
"So we gave an indicative price, but what we probably should have said is that it was $3.90, with a range."
The spokesman couldn\'t identify what issues had arisen in the due diligence process to change the price on offer. Jamie Freed March 21, 2007 AdvertisementAdvertisement
ZINIFEX has secured acceptances from the two major shareholders and the board of Wolfden Resources as part of the Australian zinc miner\'s $C361 million ($387 million) bid for the Canadian Arctic explorer.
Zinifex yesterday confirmed it would pay $C3.81 a share for Wolfden, down from an initial indicative price of $C3.90 before it conducted due diligence.
As part of a "support agreement" with Wolfden, the explorer\'s directors agreed to accept the offer for their shares in the company and key members of the management team agreed to sign employment agreements with Zinifex.
Additionally, Canadian miners Inmet Mining and Goldcorp signed lock-up agreements to accept the Zinifex offer. The acceptances from Wolfden\'s board, Inmet and Goldcorp mean Zinifex has approval for the deal from 27 per cent of shareholders.
Its bid is conditional on Zinifex achieving acceptances from more than two-thirds of shareholders.
The agreement with Wolfden\'s board would require the explorer to pay Zinifex $C11 million if the deal falls through. Wolfden is also bound not to solicit competing bids and to notify Zinifex if it receives any alternative proposals, giving the Australian miner the right to match such a deal.
"Due diligence has confirmed our views that Wolfden would represent an excellent fit with Zinifex\'s strategy to grow its mining business," Zinifex chief executive Greig Gailey said.
ABN Amro analyst Warren Edney yesterday said Zinifex seemed to be offering fair value for Wolfden.
"An acquisition of Wolfden at $C3.81 per share is not expensive and probably reflects the development and financing risks in a small company," he said.
Mr Edney said the explorer\'s High Lake and Izok projects could provide 25 to 50 per cent of Zinifex\'s earnings before interest and tax from its mining division during the next decade.
Wolfden acquired the higher-grade Izok deposit from Inmet for $C53 million last year. Mr Edney said the Izok project made up 73 per cent of his valuation of the Wolfden acquisition.
"It is the high zinc grade that provides the return in the Izok deposit," he said. "Additional tonnages would be ideal."
Zinifex shares closed 9c higher at $16.36 yesterday.
Happydepot
: man hier kommen aber Kaufchancen ohne Ende....
die hockt ja immer noch um die 2 ?.Wer hier nicht zulangt ist selber schuld. Warum verkaufen die Canadier eigentlich die ganze Zeit ?.Kapieren wohl nie was sie sich damit antuen.
als ein langfristiges Investment sehen und natürlich an die Silberstory und den dazugehörigen Phantasien glauben.
bei forsys wurde auch lange herum diskutiert weil sie ein wenig seitwärts gelaufen ist,und heute kommt die Belohnung!! Genauso wenn nicht so gar noch besser wird es mit sabina laufen...:-)
reality
: Sabina sollte als Langfristinvest gesehen werden
wie Blue-Pearl und nicht als ein Zockerwert. Denn dafür ist der Wert zu qualitativ hochwertig, als dass man Sabina tradet. Es gilt sich jetzt zu positionieren, ob bei 1,80, 2,00 o. 2,20 ist egal, denn wenns losgeht verpasst man den Anschluss und wird letztendlich nur das Nachsehen haben. Hier ist Geduld gefragt und zurücklehnen angesagt, alles andere ergibt sich von selbst!!!