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Saturday, April 17, 2010

Lihir Gold (ASE:LGL) Getting More Attention

News is out that Lihir Gold (ASE:LGL) has possibly prepared a 'data room' for those intersted in bidding on the company.

This could be a strategic move to pressure Newcrest Mining to increase its bid of $8.9 billion, which Lihir has rejected.

Other potential suitors of Lihi which have named include Goldcorp (TSE:G), Kinross Gold (TSE:K) and AngloGold Ashanti (NYSE:AU), although none of them have been confirmed as absolute.

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