Jean-Francois Tardif
Chariot Resources Ltd.
CHD-T
COMMENT
Aug 07, 2007
Shareholders just voted against the poison pill as they wanted the company to be sold. It is expected that Lundin (LUN-T) will eventually take the company over and takeover could be as high as $1.75.
Developing a copper deposit in Peru. Have been delaying a feasibility study because the drilling has been so outstanding. Lundin (LUN-T) now owns 20% of the company. Wouldn't be surprised to see a takeover offer of $1.50 and possibly ends up at $1.75.
Have a project in Peru for copper. The sector is not doing well and as a result the stock is not doing well. Doing extremely well in terms of drilling. Would be disappointed if this company isn’t acquired by another.
Copper. Working on getting their deposit to production. Lundin (LUN-T) owns 20% and expects that some day they will take it over. Feasibility study is about to come out. With copper at $3.50 this will be profitable. Wouldn't be surprised if copper went down further. He doesn't own any copper.
Big copper project in Peru. About 3 years away from production. Just came out of a proxy battle, which management won but got the message to try and realize full value and sell the Lundin’s Group 18%. Need $600 million and are very dependent on the price of copper.
Have a low-grade copper deposit in a good location in Peru. Good asset but he doesn't know a lot about the company. Probably the next one in China's radar as a takeover.
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