Fresnillo Up 5% On Slim Takeover Rumors

Tyler Durden's picture

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Sudden Debt's picture

The bigger news today is the new dioxine crisis in lifestock and eggs in Germany that seems to be spreading accros Europe.

 

BLACK SWAN EVENT NR.1 FOR 2011 BITCHEZ!!

apberusdisvet's picture

 

If this is true it's great news for the Keiser Kammikazes.

David99's picture

Bankrupt FTSE went up + 150 points with AAL leading the fraud for the last 5 weeks

Cleopatra's picture

Whoever is looking at Fresnillo, should take a quick glance at PE&OLES* MM.

It's the mexican listed and operating company throughwhich Baillere controls 77% of Fresnillo. It generates almost half of its' EBITDA from activities other than Fresnillo, and has a market cap smaller than its Fresnillo equity stake. With very low debt, the stub of mining activities which generates around 40% of its cash flow trades at negative EV.

Buy Fresnillo at market and get almost another Fresnillo of Cash flows for free....

Just a thought...