Schweitzer, hedge fund target Montana mining company

[freshwest]

3. It's interesting to me that it is a publicly-owned mine, controlled and profiting MT.

He's saying they need to sell foreign assets, which makes sense if they are going to exploit their natural resource. It doesn't say how it affects the 1,500 employees, but those jobs must be at risk, which the article suggests he is concerned about.

For me, the only problem is that I keep thinking in terms of Romney and his hostile or friendly takeovers and taking the money and running. Just because the mining outfit will be owned by a group in NYC, doesn't mean they won't sell to a foreign group (as if it matters anymore) and stiff the people of MT.

And the hedge fund isn't going to be doing this out of civic virtue, they need to show a large profit or they will be in trouble. The profit from the mine will go to someone outside of MT, not the miners, the state or any of that. I just have a bad feel about this, but am willing to educated.