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What i don't get is why is IMN trading at a 2.80 premium if FM has to buy all the shares at $70 or higher. |
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4/8/2013 11:01:39 AM |
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sorry i thought today was April 9 Inmet Mining to delist from TSX April 9 2013-04-05 18:10 ET - Shares Delisted from TSX Inmet Mining Corp. will delist from the Toronto Stock Exchange at the close on Tuesday, April 9, 2013, according to the T...
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4/8/2013 10:59:29 AM |
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Today is last day. |
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4/8/2013 10:55:50 AM |
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why is IMN still being traded? I thought Friday was the last day
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4/8/2013 10:43:54 AM |
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I faintly hope FM sweetens the pot by the end of the day to lure the last remaining holdouts to sell shares, hah |
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4/5/2013 12:21:16 PM |
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Call me a fooI but I bought IMN today hoping to get $72 from FM. Tomorrow is the last day it trades, see what happens.
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4/4/2013 5:36:37 PM |
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Thanks for all your advice Brian. I agree, its sad how Inmet's board just quietly went away and resigned and now recommends the tender. Too funny and sad at the same time. Although right now the cash option seemed to be the best, even though... |
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3/23/2013 2:40:14 PM |
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First Quantum was lucky...Inmet's management were not up to the task of either defending Inmet from acquisition or negotiating a better deal for the shareholders. In retrospect, Inmet shareholders might be better off now with a smarter, more ...
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3/23/2013 10:12:20 AM |
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First Quantum completes hostile takeover bid of Inmet Mining March 22, 2013 First Quantum Minerals Ltd. (TSX: FM) announced this morning that the company has successfully tendered 85.5% of the outstanding shares of Inmet Mining (TSX: IMN). This ma... |
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3/22/2013 10:46:24 AM |
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First Quantum Minerals Announces Creation of a New Global Leader in CopperVANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2013) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) and its ...
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3/22/2013 8:07:18 AM |
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to the 50:50 just in time. The guy from TD Waterhouse was clueless and put me on hold for 10 minutes while he asked his colleague about this tax agreement. from what little I understand this is a tax deferral and does not eliminate the tax but h... |
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3/20/2013 2:07:59 PM |
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This song is dedicated to the management of Inmet that has worked so hard to get top value for our investment. Enjoy: http://www.youtube.com/watch?v=5UCxwAxB7Jc BBB
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3/20/2013 12:12:28 PM |
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I feel both issues are going to trade around the offer price until Thursday. After the deal is consumated, I think First Quantum is going to trade up ahead of the market, provided, of course, that the copper market continues to stay more or less ... |
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3/15/2013 2:25:11 PM |
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Thanks Brian, sorry for my stupidity :) I find those PR's very hard to understand and never been through something like this. I too tendered all in cash never thinking that the price would reach 72 the way it has today. I can see the takeove...
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3/14/2013 6:54:35 PM |
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Think of it this way. First Quantum have put on the table half the offer in cash and the other half in shares. If half the shares tendered ask for cash and the other half shares in FM...everyone gets what they want. Any other ratio and the payout... |
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3/14/2013 5:20:59 PM |
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The wording to me is very vague. They say that we can do this OR that, but at the end they say that it will be part cash and part shares. I do realize they are limited depending on the amount of cash or shares but it seems from that they can do...
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3/14/2013 2:06:58 PM |
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asian....Here's the pertinent text from the offer by First Quantum, which limits the amount of cash and shares that will be used in the deal: Under the Offer, each holder of Inmet Shares (a “ Shareholder ”) may elect to receive ei... |
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3/14/2013 1:50:59 PM |
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Can I confirm what Brian said earlier, that no matter what option you choose, cash, shares/cash and shares, FM will decide what to give the shareholders? Right now my tender is in case 72 dollars but the way this is moving I can actually see FM g...
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3/14/2013 9:50:16 AM |
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Every management group looks out for themselves first, in Inmet's case they simply were not very good at it. Had they endeavored to cooperate for a friendly takeover you can be assured that the net benefit would had been for their golden par... |
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3/13/2013 10:01:52 PM |
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Most of these mining outfits are the same. Management is only concerned with how they can take care of themselves, they could care less about the shareholders. I don't think there's any doubt if Inmet management had worked with FM they co...
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3/13/2013 3:58:52 PM |
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Well, I guess as Inmet shareholders, we were had. Let's hope First Quantum takes better care of us as FM shareholders, because all of us are going to get some and I suggest you hang on to it for a while. Next week I'll be moving to the FM... |
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3/13/2013 11:26:55 AM |
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Inmet management hasn't done anything in this whole process. IMO all they are concerned with is keeping their jobs and it's pretty evident now that's not going to happen. As you say they could have played ball with FM and most likely ...
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3/13/2013 9:33:00 AM |
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Base-metals miner First Quantum Minerals on Tuesday said it expected to close its C$5.1-billion hostile takeover bid for Inmet Mining on March 21, after unveiling Inmet shareholders had tendered about 61.45% of the company’s outstanding shares to ... |
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3/12/2013 11:33:02 PM |
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http://business.financialpost.com/2013/03/12/first-quantum-extends-inmet-offer-as-61-45-of-shares-tendered-to-bid/ Great article about how FM played things well (even if it was considered cold and calculated by Inmet shareholders including myself...
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3/12/2013 9:24:12 PM |
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Sneaky tactics by FM for sure. I'd like to see this as a gun to Inmet management to call their bluff. It doesn't take much for one big shareholder to withdraw their tender taking it down from 61% to under 50% if Inmet can get a deal done... |
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3/12/2013 6:43:18 PM |
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Stockhouse.com: Taking
it to the street
