RE:RE:Maiden Resource Estimate at Bullfrog Gold ProjectDefinitely a chess game. Anglo made a very good move. Blocked Augusta from talking to Corvus. Made a low offer just to extend the exclusivity period. Nice clause from the loan agreement. More like loan trap. But imagine AUGG can probably communicate other options vs an Anglo cash takeout to Corvus' large shareholders. Ie sprott gold fund & VanEck etc. Who knows. Just know the Corvus chairman, Ron Largent, is here to build a big heap leach operation and Anglo has a chance now to get 1 step closer to consolidating everything including AUGG. Such a waste of a Nasdaq listing if Corvus is bought out all cash. They cant participate in a large production scenario getting all cash. Only some 6 goldcos on Nasdaq. A 3 way deal would be nice.
Corvus management has to be careful. They are all ex Anglo guys. This is where M&A lawyers are worth every dollar paid.