RE: When will Galway be taken out ?I don't see a takeover anytime in the near future. The way I see it, Galway had two options beginning late last year:
1) Sell their property to Ven/Gsl WITHOUT poking a drill in the ground - let them assume the risk / reward, and make some good money off their property.
2) Begin drilling and defining gold intersections - now they know they have gold in California, but at "disappointing" grades. I believe, and I assume they believe they have more gold in the ground than what these first few drill assays lead us to believe. It always takes time to identify the trend of gold so we can hope the next set of results from California are better. Why would GWY sell their property to Ven/Gsl on the assumption that they don't have a profitable gold field at this stage? Once they started drilling they committed, they'll either drill their share prices into the ground on bad assays or send it soaring with great ones - no takeovers at the current share prices.