There were certainly a lot of buyers today. Glad I am long and not short. If CI has something up his sleeves, shorts could be toast big time.
It wouldn't be the first company Dr. Frost sold, but I don't think he is ready to sell yet. With two big prospects nearing the market, OPK should fetch far more down the road. IMHO.
Sooner or later it would make sense for Rio to buyout TRQ and do what they want with the mine. I guess it just depends on when and how much Rio would be willing to pay. With copper prices going down and MG hard to deal with, Rio seems to be playing hardball. However, now might be the perfect time to buyout TRQ for a modestly higher offer. I think most shareholders would be interested if a $6 - $8 offer was made. We shall see.
This thing could really break out. This morning's trading took out most of the sellers up to the mid $16 level. Might as well cover now because you know CI is going to pump NUAN up one way or another. IMHO.
If speculation continues that a deal may be in the works, the early buying took out a lot of resistance which could cause the close of the day trading to be quite interesting. Good luck!
Hey, no one knows for sure, but at this level, NUAN is not much of a risk to hold. Then again, if you are short, it could get quite painful! CI didn't buy all those shares just to lose money. Sooner or later he will push his agenda, and I expect those who own the stock down here will benefit.
Investors and institutions constantly jump in when they suspect that a deal is in the works. As long as it wasn't disclosed illegally, the SEC can do nothing. Stocks often rise in anticipation of an action taking place, and we all know that sooner or later Icahn is going to make his play. Evidently, the investor/institution who bought so many shares must be figuring now is the time. The fact that the volume is so heavy to the upside, I expect that many others investors/institutions are making the same bet. IMHO.
I wouldn't be surprised to hear that CI has worked out some kind of deal with Nuan. Such heavy trading wouldn't have continued it there wasn't some kind of news lurking about. With such a large short position, it might be tough for shorts to sleep this weekend. IMHO.
Sure looks like someone wanted to get into Nuan before the weekend, and they didn't care how much they paid. Tells me that something might be in the works and may be finalized this weekend. We shall see. Watch the close. If something is up, I expect the stock will run into the close. IMHO.
I believe this was the second ruling against PFE concerning Celebrex, so I would expect the company had a decent inkling that this could happen. I think that may be why the reaction has been rather mild. IMHO.
I believe their coal reserves are located within their South Gobi Resources subsidary. I was having trouble finding exact numbers, but it looks like they project reserves of something like 600 million tons. I was searching through some info. from a couple of years back, so the numbers could have changed. I believe the coal is the closest large supply to China.
Took a look at after hours trading. PFE dropped the last hour on very low volume. Tomorrow we shall see what the analysts have to say. PFE has recently had very good news on its drug pipeline, so that may offset the possibility of losing patent protection on Celebrex earlier than expected. The fact that PFE plans to appeal the ruling should also mute any slide. Funny that the judge issued the ruling just as briefs concerning the patent were to be heard. You would think the judge would want to hear what both sides had to say before issuing a ruling. I expect an appeals court will let the hearings proceed. IMHO.
Panelist said that patent news was not enough for PFE's drop today. PFE has said that they will immediately appeal, so this will play itself out in court. If PFE loses, it might actually speed up PFE's separation of its generic business from its patent protected drugs. Celebrex would certainly be a big generic drug.
Obviously you see potential in Trq otherwise you wouldn't have bought in. If an agreement is reached with the government to open the second phase, the valuation will rise quickly. That is why speculation has appeared concerning Rio being interested in acquiring the stake in Trq that it doesn't already own. Reportedly trq is sitting on an enormous amount of coal, copper, gold, etc. What better time to purchase reserves than when the price of those resources are low. If Mongolia agrees to work things out, I believe a purchase of Trq by Rio would be welcomed by the investment community.
I see no advantage for Rio to try to hurt Trq's prospects, and it would be dangerous for Rio to play games because they own such a large stake in Trq. As has been pointed out, Trq has significant coal, copper, and gold reserves which make it a very valuable asset. Makes more sense to me for Rio to try to strengthen its position with Trq, and a buyout/merger would be in everyone's best interest. If Rio used their own stock to make the purchase, it would seem to make the most sense to me. As a stockholder in Trq, I wouldn't mind swapping them for Rio shares with a few dollars premium thrown in. IMHO.
With Rio holding such a large stake in Trq, it makes sense that they win if Trq is successful. If Rio decides to make an offer for Trq, it will be because Rio believes they could negotiate and run things better by themselves. I would imagine there would be cost savings also. It might be unpopular with some, but I could see Rio making an offer for Trq using its stock. Both companies are critically linked as it is, so it would make sense to merge ownership and operations into one. IMHO.
Mongolia has just as much at stake as TRQ does. An agreement would make sense for both sides. When an agreement comes, and I believe it will, TRQ will be sitting pretty. RIO must know what is going on in the negotiations, and that is why I believe these rumors about RIO's interest have come to light. If the mine is going to dramatically increase production in the future, it would make sense for RIO to try to acquire TRQ sooner rather than later. That is if TRQ would be willing to sell. We shall see. IMHO.