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Canadian metals companies Endeavour Silver (EXK) and AuRico Gold (AUQ) reach an agreement under...
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Monday, April 16, 2012, 8:12 AM ETCanadian metals companies Endeavour Silver (EXK) and AuRico Gold (AUQ) reach an agreement under which Endeavour will acquire 100% interests in the El Cubo silver and gold mine and in the Guadalupe y Calvo exploration project, both in Mexico, for up to $250M.
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This news story has 2 comments:
Mining companies are the only case in history where the stuff they produce (and their related cash flow) goes up and their price goes down.
But of course, there is no manipulation, right?
There are simply too many of their shares for sale, shares that were never issued!
Call it "quantitative easing".