Take physic, pomp

Hana Mining (HMG.v) bought out

Cash is king, money talks and bullshit walks. Hana Mining (HMG.v), a company that got hammered in May this year on its disappointing PEA, has just accepted as friendly an offer it couldn’t really refuse. NR here, excerpt here:

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 24, 2012) – Hana Mining Ltd. (the “Company” or “Hana”) (TSX VENTURE:HMG)(FRANKFURT:4LH)(BOTSWANA:HANA) and Cupric Canyon Capital LP (“Cupric”) today jointly announced that they have entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Cupric has agreed to acquire all of the issued and outstanding common shares of Hana (“Hana Shares”) (other than the Hana Shares it currently owns) by way of a statutory Plan of Arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). The management of Cupric is comprised of experienced mining professionals in the copper industry specializing in exploration, development, and operations, and Cupric is supported by continues here

It’s still a buyer’s market.

Who are the buyers? These people are the buyers. All PD people, which means they know their copper.

And it all makes me think, perhaps it’s time to scoop up a few shares in a bunch of these beaten-to-death copper explorecos.

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