05
May

Barrick Bid Looks Like The End Game For Equinox Minerals

??????????Barrick Gold Corporation has made an offer for all Equinox shares at Canadian $8.15 cash. The bid is an agreed deal with the Equinox Board and is unlikely to be raised or trumped. Equinox has dropped previous plans to bid for Lundin Mining Corporation and the existing lower bid by Minmetals Resources for Equinox has been withdrawn. Quest owns Equinox shares after that company took over Citadel in 2011. Quest is likely to accept the bid in the absence of a better offer.  Equinox is the seventh resource stock held by Quest since our inception in 2004 that has been the recipient of a takeover bid. The initial investment in Citadel has now yielded a very significant gain for our investors.