LUNMF - Nevsun Resources Acquisition: The Bidders Try To Break The Institutional Investors
Lundin Mining (LUNMF) and Euro Sun Mining (CPNFF) don't give up. Although Nevsun's (NSU) management has rejected their previous takeover offers, they are still looking how to get to Nevsun's assets. Especially to the world-class Timok project.
The whole story has started back in March 2016, when Lundin Mining made a deal with Freeport-McMoRan (FCX) to acquire 100% of Freeport's interest in the Timok Upper Zone and 28% of Freeport's interest in the Timok Lower Zone. However, Reservoir Minerals (RVRLF) (the former co-owner of the Timok Project)