RE:RE:CDNmine and iq4u: RE: Shareholder Protection and Rights Pl.Hey thanks for the informed responses. I wanted to mention this snippet from ResourceClipsNews . This is the only information I could find refferring to management's views on a buy out.
' While he sets this year’s guidance at roughly 14,000 gold ounces, “We need to demonstrate the ability to increase production and resources overall,” he says. “With Romeo and Juliet we’re trying to increase production in the near term. For the longer term, we’ve increased our property package around our Pine Cove mill seven-fold just in the last year. We’ve gone from 660 hectares to almost 4,800 right on the peninsula and they’re all properties that are adjacent to each other. Over time we’ll get to explore all that. The goal is to find more Pine Coves, more Romeo and Juliets across this peninsula. If we define a larger resource and get to a critical mass that can economically justify a mill expansion, we’d get production up even more. Those are long-term goals. And when you get to that size you’re in a position where other companies would want to take you out.” '
Read more at https://www.stockhouse.com/blogs/resourceclips-news/april-2013/new-found-gold-in-newfoundland#4lcRlPTI2L7K4vJj.99
This is a company that truly wants to expand in a major way , in my opinion this is what their mining conference was all about. I'm hopeful on some new drill holes.
By the way I was listening to a trade too and they believe that there is some accumulation forming on gold, or sellers are falling out of the market, and that we can see gold push higher soon. Basically over the last month the lows on gold have been slowly increasing. Well, I'm sure that it is long overdue.