Resource Stock Roundup: Tuesday, November 25th, 2008
Doug Casey (November 25th, 2008) Writes:
The Canadian Markets started off the trading week in fine form with investors cheering both the bailout of Citibank(NYSE:C) and President Elect Obama’s economic vision in the United States. For the tale of the tape, the TSX Exchange added 3.50%, while the TSX Gold Index climbed another 1.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gained 2.64% with the advancing issuers outpacing the decliners by a 421 to 357 margin on volume of 166 million shares traded.
The Hudbay takeover saga just got a tad more interesting after Jaguar Financial announced that it would offer Hudbay shareholders the cash value of Hudbay, less a 1% fee estimated at C$5.40 per share, plus the cash from the remaining assets of Hudbay under a sale. HudBay Minerals and Lundin Mining (NYSE:LMC) have inked a friendly deal that would have Lundin shareholders getting 0.3919 of a Hudbay share
...Alaska, Bank, British Columbia, CAD, Canada, Citibank, contrarian profits, Donlin Creek;, Elect Obama;, Exchange, Galore Creek;, Gbp, Hudbay;, Lundin Mining;, Market Commentary, Mexico, NovaGold Resources;, Sherwood Copper, Tsx, TSX Venture Exchange, United States, USD


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)



