…Ventana Gold (VEN.to) versus gold (the gold ETF, GLD, as proxy), November 17th to January 17th:
It’s been two months to the day since Eike Batista offered to buy VEN.to. Kinda looks like his lowball offer is winning the war of attrition, does it not? VEN down 8% from offer day one, GLD unchanged and here’s me thinking that Colombia was this hot place for doing mining business……