Well now Sumisu, that sounds like speculation, which is what we basically live off of, so lets do that.
RNO or RNG if you preffer had quite the news today involving Lundun mining. I wont post it all here but the headline, and a lil something from further in upon which maybe we can "speculate"
Lundin Mining Corporation and Rio Narcea Gold Mines, Ltd. Enter Into Definitive Support Agreement in Connection With Cash Take-Over Bid by Lundin Mining for Rio Narcea
10:20 EDT Wednesday, April 04, 2007
Also we find this
Concurrent with the Offer and contingent upon the success of the takeover bid, Red Back Mining Inc. (TSX:RBI) has signed an Option agreement with Lundin Mining to acquire the Tasiast gold mine from Lundin Mining in consideration for US $225 million in cash and assumption of US $42.5 million in debt related to the Tasiast gold mine.
further in among the list of RNG projects...
Strategic Investments
Rio Narcea holds an approximate 20% equity interest in Chariot Resources Limited (TSX:CHD) which has a 70% interest in the Marcona copper project in Peru. Chariot has identified significant copper mineralization at the Mina Justa prospect and has initiated a scoping study on the potential of developing the deposit into an open pit mine with potential for underground expansion.
Now maybe im climbing out on a limb here because i dont yet know all id like to about Lundun mining, or Red back mining
But if Rio narcia didnt have the money to make a takeover bid on chariot, It sure is starting to look like they have found friends.
Im not sure where im going with this, but i hope it leads somewhere Warm and sunny !!!
Am i off My rocker yet?
