RE: RE: Relentless selling....African Barrick would be the most likely buyer of Canaco. As of Sept 30/11 they had $525 million cash on hand
and should add anther $100+ million by the end of December. If any company is in a position to understand the geology of Tanzania and make an educated bid before a 43-101 it would be African Barrick. If the 43-101 is good it will certainly draw other bidders and push up the price. At this low price a lot of people would think $3.00 looks good with approx a 100% increase to the current SP. A $600 million buyout would seem to fit with African Barricks cash on hand. I hope it does not go for anything less than $5.00