Calm before the stormThere has been heavy accumulation of GXS shares over the past two months between $0.13 and $0.15...I sense that something big is happening behind the scenes with Goldsource Mines. Here's why.
Recently, there has been a lot of positive and interesting activity happening among some of the gold mining companies in Guyana. I believe that all of this recent activity can only bode well for Goldsource Mines. For example:
- Zinjin Mining's recent $323 million all-cash offer to acquire Guyana Goldfields at $1.85 for each outstanding common share (more than triple Silvercorp Metal's original offer).
- Gran Colombia Gold's attempt to merge with Gold X and Guyana Goldfields to create an emerging Latin American-focussed intermediate gold producer, prior to Zinjin's $323 million all-cash offer for Guyana Goldfields (clear evidence of a growing interest in Guyanese gold mining companies).
- Gold X's recent appointment of Robert Friedland as Non-Executive Chairman (Friedland is a legend with a track record of successful deals with Chinese mining companies).
- Eric Sprott's recent announcement of his investment in G2 Goldfields (the share price of GTWO has since climbed to new highs).
Guyana has been attracting some serious attention from the gold majors, as evidenced by the above-mentioned recent activity. My guess is that other gold majors are closely monitoring the moves of Zinjin Mining. I believe that we are likely on the radar screens of other gold mining companies in Guyana, as well as the gold majors. This of course, is only my opinion.
GLTA