The Big ScoreVoisey's Bay is the site of a massive nickel deposit whose vast potential has riveted the attention of the international business world. The discovery of the deposit in Labrador, the struggles for controlling interest in it, and especially the extraordinary players involved drive this amazing business story, which often reads like a suspense novel. At the centre is Robert Friedland, an ex-hippie and disgraced Vancouver stock promoter, who by sheer luck ended up holding all the cards in a high-stakes poker game that pitted some of the world's most powerful and conservative mining companies against each other. When news of the Voisey's Bay motherlode began to circulate, nickel giants such as Inco and Falconbridge were swept up in the excitement, competing in a series of takeover bids for control of Diamond Fields, the company that controlled the find. It all culminated in Inco's winning $4.3-billion offer, the largest takeover price ever paid for mining property. But was the deal one of the riskiest gambles in business history? From Namibia and Singapore to the boardrooms of Toronto and Vancouver," The Big Score uncovers the big money deals, the power struggles, and the hype in an immaculately researched and compelling drama of international intrigue. |
From inside the book
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Page 30
... Vengold had acquired enough land claims to build its Venezuelan area play , Friedland went looking for stars . He would go to great lengths to recruit respected mining executives who could lend credibility to his companies . One top gun ...
... Vengold had acquired enough land claims to build its Venezuelan area play , Friedland went looking for stars . He would go to great lengths to recruit respected mining executives who could lend credibility to his companies . One top gun ...
Page 31
... Vengold . According to provincial securities records , the San Francisco fund manager Robertson Stephens & Co. made one of its first VSE investments in September of that year when it acquired stock in Vengold's predecessor company . In ...
... Vengold . According to provincial securities records , the San Francisco fund manager Robertson Stephens & Co. made one of its first VSE investments in September of that year when it acquired stock in Vengold's predecessor company . In ...
Page 32
... Vengold pur- chases.31 Both Altamira and Robertson Stephens also actively traded the stock . According to Stockwatch reporter Brent Mudry , Robertson Stephens was such an active buyer of Vengold that it acquired more than 80 per cent of ...
... Vengold pur- chases.31 Both Altamira and Robertson Stephens also actively traded the stock . According to Stockwatch reporter Brent Mudry , Robertson Stephens was such an active buyer of Vengold that it acquired more than 80 per cent of ...
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Common terms and phrases
acquire advisers agreed agreement Albert Chislett Archean Ashini assays began biggest Boulle's Bre-X called camp Canadian cent chairman Chislett and Verbiski Chris Verbiski claims company's copper core crew Davis Inlet deposit Diamond Fields directors discovery drill hole drill results earlier exploration Falconbridge February Feiner Galactic Garnett geologist Globe and Mail going gold gossan helicopter Huberman Inco Inco's Inco's board Innu investment investors Jean-Raymond Boulle John's junior mining Keevil Kerr knew Labrador land later lawyer Lindsay looked Marathon massive sulphides McDougall McMurrough meeting Mercaldo metres Mike Sopko million mineral mining companies months Nain negotiations Newfoundland nickel nickel prices offer penny-stock pentlandite Pickard play potential promoter prospectors Richard Garnett Robert Friedland rock selling share shareholders Sopko stake stock price Sudbury Summitville takeover talks Teck Teck's told Toronto Vancouver Vengold venture vice president Voisey's Bay wanted week