Galway Resources Ltd V.GWY

Don't wait for news but the takeover

[melone]

The only news you will hear is the takeover and it will happen at any time during the next few weeks.

 

That is what we are waiting for.....

 

 

[Geef]

So, is the consensus for Batista or a dark horse?

[NaturalCurrency]

More importantly, what would be the price? Any guesses? If the total resource estimate is 3.5M Oz (you would expect that given the results, number of drills turning, new zone, long period of silence), and assuming $200/oz (which is less than half of what VEN went for), we are looking at $700M. Throw in Moly etc. and we could be would could in ~$5 range. Or am I smoking?    

[admantine69]

Colombia Crest CEO describes Colombia’s Middle Cauca Belt as one of the fastest growing gold exploration regions in the world right now.A raft of gold discoveries has put the spotlight on the “Middle Cauca Belt” in west central Columbia, attracting the attention of major mining sector players, including Anglo Gold Ashanti Ltd. (NYSE: AU, Stock Forum

[Pandora]

Or they could offer us something like 20% over the average trading price over the last 10 days and put it at about $1.25 and tell you you should be happy with 20%. Isn't that how a lot of these things go? Drive it down and then hose you.

[NaturalCurrency]

The issue with that approach is that a precedent and floor has been set with VEN. If not $435/oz, how much lower can it go? The gold price is significantly higher as well.   $200/oz would be rock bottom in my opinion.