After months of lobbying, one analyst is suggesting that First Quantum Minerals Ltd. has finally been granted access to the data room at Inmet Mining Corp.
First Quantum made a $5.1-billion hostile offer for Inmet back in December, but Inmet rebuffed all of its efforts to enter friendly negotiations and view confidential data on the company’s giant Cobre Panama project. Since then, Inmet has opened its data room to other potential bidders.
Desjardins Securities analyst John Hughes believes First Quantum now has access as well.
Editor's Note: The following post comes to us from Jie (Jack) He of the Department of Finance at the University of Georgia and Xuan Tian of the Department of Finance at Indiana University.
In our paper, The Dark Side of Analyst Coverag
For a long time, it seemed Canadians were pretty indifferent to shopping on the Internet.
But more-robust-than-expected online sales on both Black Friday and so-called Cyber Monday, coupled with strong sales on Canadian retail websites and a slew of new entrants, suggest that has changed.
The final U.S. Department of State environmental assessment report on the Keystone XL pipeline could come around early September, according to a BMO Capital Markets analyst.
“Nothing would surprise us given the politics involved, but we think a final SEIS [supplemental environmental impact statement] could come as early as Labour Day, early September,” BMO analyst Carl Kirst wrote in a note to clients. The U.S. Labour Day falls on September 2.
By Brian Nichols:A couple of weeks ago I spoke with Brinson Patrick Securities analyst, Vernon Bernardino, after reading his analyst report on NeoStem Inc (NBS). The analyst offers a very bullish outlook, but also backs up his opinions with solid fundamental and macro analysis in a project that took him many months to complete.
Gabriel Resources Ltd. has spent nearly a decade trying to win government approval for its Rosia Montana mine in Romania. It has faced intense opposition from NGOs along the way. But the future is finally looking up.