Stockhouse member weighs in on company’s situation
Shares of Toronto-based Frontera Copper (TSX: T.FCC, Stock Forum) climbed 25.9% to 34 cents last Friday.
With no news released last week, one poster weighed in on the company’s situation on the Frontera bullboard, offering a comment on the stock’s potential as a takeover target. bailey2 said:
While all stocks are candidates for a takeover Frontera is very ripe for the pickens.
1. 1 billion lbs of copper in the ground
2. Brand new infrastructure
3. trading at cash value
4. Debt of approx 80 million including interest not due until 2010(some of it)
5. No poison pill in place
Anyone venture at how low this is taken out in a hostile takeover?[sic]
The last news released by the company included a report on November 11 that it was temporarily suspending its mining activities at its Piedras Verdes Operations in Mexico, and the release of its third quarter results on November 12.
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