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Canadian punters take shine off Placer bid

THE value of Placer Dome's takeover offer for AurionGold slipped 7.4% overnight after the miner's shares were sold heavily on the Toronto Stock Exchange after a Canadian brokerage, Research Capital Corp, placed a sell recommendation on the stock.

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Canadian punters take shine off Placer bid

RCC downgraded its recommendation after news of the $2 billion takeover offer broke, stating it had difficulty attributing value to Placer Dome's proposed acquisition. The Canadian broker's findings...

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