RE:RE:RE:Something's in the wind?HTG,
Today, there are some blocks over 100k on the TSX-V. But, the X-Chi-X volume is way ahead of the TSX. It showed 1.28Ms (for 19 trades, so there must be some big blocks for big boys). Omega also active (0.292Ms) and the SP was up to 0.93/s. So, something is brewing? It's only 7 more cents before the SP hits the psychological value of 1.00/s.
I am kind of leaning toward AEM during the last few days for a TO, which does not even need a mill (its Goldex is hungry for more ores).
Noticed that during the last few days AZX was trying to wave a red flag in front of ICG bull? (It stuck an advertisement about its latest high-grade hit at Orenada (29 Mar NR) on our BB, with the help of SH presumably). What's AZX is trying to do? (There were some large AZX block purchase there as well during the last couple of days and their SP has moved up by half a cent).
I have not worked out the details fully, but in general term there are 2 potential options:
Option1:
- AEM takes over AZX (a premium of ~50% would be acceptable to AZX shareholders)
- Merge that with Lamaque (South) Gold Project.
Option 2:
- "Encourage" ICG to take over AZX, since AEM already has a foothold in AZX (8%)
- Have a 19.9% strategic investment in ICG with the aim for a full TO later.
Presumably, G could take Option 2 as well, using PRB as a proxy to take over AZX, since PRB has a proven track record to develop a deposit, and sold to G for $526M (AZX last NI Technical Report for Orenada was back in 2009, and there is no definite timeline for the next NI Tech Report).
G could have a strategic investment of 19.9% as well, or as a complete surprise, out-of-the blue it coul offer a JV with ICG, or total TO. But don't expect AEM to just walk away from a fight.
Just speculating.
GH