The Big Score
Voisey'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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The bad drill results couldn't have come at a worse time. As usual, Diamond
Fields was desperate for cash. Although investor euphoria over the Voisey's Bay
discovery had driven the company's stock from $8 to $13 a share in the month
Inco had adopted a wait-and-see approach ever since its exploration division first
got wind of Diamond Fields' first drill results. Four good drill holes did not make a
mine, and Friedland was playing hard to get. When Inco's president, Scott ...
Ever since Falconbridge announced its takeover offer early that month, Diamond
Fields and Archean Resources had been cracking the whip even harder for more
drill results to push up the asking price. New drill rigs were arriving every month ...
What people are saying - Write a review
LibraryThing ReviewUser Review - JBreedlove - LibraryThing
Great book that read like a mystery novel. McNish wrote well and the research and speculation on details she could not have known was impressive. From acquisition to discovery Friedland was incredibly ... Read full review
One Lost in the Desert
Two Birth of a Showman
Three Smoke and Mirrors
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