Opinions
Andrew Cook
Mercator Minerals Ltd.
ML-T
COMMENT
May 19, 2011
Possible merger with Creston Moly (CMS-X) would be good. Will increase their size. Similar minerals and both in North America.
$3.050
Stock price when the opinion was issued
metal mines
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Copper project and now Moly. Have a Mexican project. Have new CEO and had to revise guidance. Had difficulty getting financing and there were concerns about them running out of money and stopping Mexican project. He would watch it closely. Moly market is weak and not showing any signs of recovery.
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Copper molybdenum producer in northwest Arizona. Also, acquired a couple of other assets in Mexico. Their problem had been getting financing for their Mexican mines and the market punished them for making the acquisitions. You are at the mercy of copper/molybdenum prices which he feels have bottomed.
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