RE:RE:RE:RE:20 million traded alreadyVery much doubt EDV will be interested. They have a next mine build all ready to go. Havent announced exact numbers yet, but looks like 200,000 oz au for about qtr million build cost. And after that they have another mine getting ready to build, and after that ... So for a qtr mil they get 200,000 oz, and with RoxG it would be a full billion for 120,000 oz now and maybe 250,000 in more than a year if all goes well. And EDV does literally have a dozen sites now, after the mergers with Semafo and then Teranga, that could someday turn into mines.
And EDV is way undervalued right now, as are most gold companies, so maybe if they were at $50 a share, where they should be, not $27 , creating 20 million more shares to acquire RoxG might make some sense, but creating 40 million doesn't.
Looks like we are stuck with this deal, and hopefully when the dust settles Fortuna will go back up to where it was before they started this. If I could get out of RoxG for $2.75 I would be very happy, and then I would buy more EDV!