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An Osisko Mining facility.
An Osisko Mining facility.
(Handout/Osisko Mining)

If not Goldcorp, who’ll bid for Osisko?

Quebec gold miner Osisko Mining Corp. has shot back at would-be acquirer Goldcorp Inc. with a golden raspberry, issuing a lengthy and spirited list of reasons Monday why shareholders should say no to its $5.95-per-share offer. The letter makes good points as well as some disingenuous ones, which is hardly a surprise in a hostile takeover defence. But it leaves Osisko shareholders, who have driven the stock price well beyond Goldcorp’s bid, without an answer to the question: If not Goldcorp, then what?