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. |
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Page 271
Jacquie McNish. men were David Kerr of Noranda , who had assisted Falconbridge's aborted hostile takeover plans back in the spring of 1995 , and Jack Cockwell , the financial mastermind behind Edper . Whereas Kerr was an old hand on ...
Jacquie McNish. men were David Kerr of Noranda , who had assisted Falconbridge's aborted hostile takeover plans back in the spring of 1995 , and Jack Cockwell , the financial mastermind behind Edper . Whereas Kerr was an old hand on ...
Page 311
... Kerr did most of the talking , but both visitors appeared tense . He began by pushing a sheaf of papers across the table , explaining as he did so that Falconbridge's board had approved a new takeover offer for Diamond Fields . It was a ...
... Kerr did most of the talking , but both visitors appeared tense . He began by pushing a sheaf of papers across the table , explaining as he did so that Falconbridge's board had approved a new takeover offer for Diamond Fields . It was a ...
Page 312
... Kerr would later say , " to ice Diamond Fields . " Kerr and Pickard had arrived in Sopko's office believing that the Inco offer had just expired without a deal . When Kerr finished , Inco's chairman told him about the extended deadline ...
... Kerr would later say , " to ice Diamond Fields . " Kerr and Pickard had arrived in Sopko's office believing that the Inco offer had just expired without a deal . When Kerr finished , Inco's chairman told him about the extended deadline ...
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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