"Re: Asarco 21-Jun-11 08:26 pm<<If the merger goes through, you can forget any signicant dividend. >>>
...Grupo owns almost 100% of AMC. AMC [American Mining Corp.]owns 100% of Asarco and 80% of SCCO [Southern Copper Co.]. AMC borrowed 1.5 billion to get Asarco out of bankruptcy................. No question: To the extent amc uses a scco dividend to pay debt we get 20% now and zip if this merger goes through."
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=13898&tid=59232&mid=59242&tof=12&off=1
Scroll to end: click web view. Heather Mcmurray 's research uncovering poisoning of 1000 square miles around El Paso by Asarco smelter through what the EPA & US DOJ said was illegal burning of illegal hazardous/radioactive wastes 1991 to 1998. We have never been told what actinides, forever chemicals, dioxins etc are present from illegal Asarco actions(see 73 page 1998 conf. for settlement purposes only DOJ EPA Asarco doc,10/06 nytimes) see "Asarco secret document"
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--Burke
Monday, June 27, 2011
Asarco merger rumors
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