Take physic, pomp

Chart of the day is….

…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……

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