LUNMF - Why Lundin Mining Should Offer More Money For Nevsun Resources
Lundin Mining (OTCPK:LUNMF) announced an all-cash offer to acquire all of the issued and outstanding shares of Nevsun Resources (NSU). It is definitely a positive sign that Lundin Mining is still interested in the acquisition of Nevsun Resources, as it further validates the quality of Nevsun's assets, especially its world-class Timok projects. What is less positive is Lundin's permanent effort to make only low-ball offers. The new offer is actually even worse than the last one. The previous offer valued 1 share of Nevsun Resources at C$5 ($3.8). The new offer