rockhound: May I assume when you refer to "players" you want to know what ML Management have done or are doing. Briefly & to the point a couple years back Pala had a very substantial Investment in Mercator for an average price $3.90. Pala had let Mercators Management know that he was disappointed with their Management of ML. The ML CEO resigned receiving about $3m in severence. One of his last deals was to have ML buy Creston Mines. The CEO Creston became the CEO Mercator & sanctioned a "poison Pill" directed against Pala. The takeover Creston has resulted in a 54% increase the # ML outstanding shares & Cumulative debt $134m. ML had also bought El Pilar mine > the cost to bring these two Mines into production is about $900m. Mercator Minerals alone is primarily consits of Moly Copper. They had hedged the Copper price to 2016 @ average price $3.00. Price of Moly has dropped about $3 a pound. Consequently ML's EPS for 2013 is expected @ $.06 & with an PE ratio 9 = target $.54. Nevada Copper through Pala bought 46m ML shares @ $.52. With Pala having divested itself from Nevada (to take advantage of a income tax loss about $130m) Nevada now free to SELL its ML shares & possibly make a 19% profit .
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