Nailed it! Nevsun made me 61.17% profit after Lundin and Zijin takeover bid.

Nevsun Resources Ltd. (NSU) becomes my third most profitable stock so far in my US portfolio. 61.17% profit!! System entered on 19th Apr at 2.73. The stock trend was quite bumpy with a several consolidation in between.

Anyway the story is that Nevsun had a few takeover attempts by Lundin but failed due to the unfavourable offer price of C$4.75 in July. The takeover news had already bump up the price to around USD3.50. The recent takeover by Zijin Mining Group that offers C$6.00 per share sent the stock price to USD4.40 which is the price the system unloaded today. Awesome!

Here is the transaction record.

You can find the takeover news here.

5th Sep 18 - Friendly All-Cash Agreement for Nevsun to be Acquired by Zijin Mining for US$1.41 billion

https://sg.finance.yahoo.com/news/friendly-cash-agreement-nevsun-acquired-083300586.html

9th Aug 18 - Nevsun's Board of Directors Rejects Lundin Mining's Hostile Bid; Offer Does Not Recognize the Value of Nevsun's Assets; Company to Proceed with Full Strategic Review

https://sg.finance.yahoo.com/news/nevsuns-board-directors-rejects-lundin-120000126.html

26th Jul 18 - Lundin Mining Commences All Cash Offer to Acquire Nevsun
https://sg.finance.yahoo.com/news/lundin-mining-commences-cash-offer-063000080.html

Company Profile (courtesy of Yahoo Finance)
Sector: Basic Materials
Industry: Industrial Metals & Minerals

Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea. It also holds exploration licenses and permits in Serbia and Macedonia, as well as in the Bisha mining district. The company was incorporated in 1965 and is headquartered in Vancouver, Canada.

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