Voltalia Ord Shs VLTAF

RE:RE:What if not approved

[ALLEN4]

I agree that the deal is likely to go through, but there are no guarantees.  I do not think we are desparate, and would have been prepared to lay low in capital preservation mode;  there would be other opportunities.   What could hijack the deal?  I think the price of gold could, either way. 

BTO in release says VTR is an "option" on a higher price of gold, or words to that effect.  They seem to acknowledge that developing Kiaka makes sense in a higher priced gold environment.  So BTO wins if Price of Gold improves.  The reverse is true;  if price of gold tanks to below $1,000.00 we would have the security of being part of a larger company that is certainly going to survive for many years regardless of price of gold.   If the price of gold went to an extreme, either much higher, or much lower, you might find one of the companies (or their shareholders) trying their best to get out of the deal;  the price of gold would be the real reason, but the company would find some other nominal reason.

I think we would be wrong to assume there are no other interested parties.  Who even knew that BTO was checking us out?  If BTO, a well known, respectable, and large gold company is interested, and found Kiaka to be technically sound, I can guarantee you that there are others out there equally interested.  So I do not believe we need to be desperate; there are always other options.  VTR is bound now not to actively solicit other suitors, but if this deal falls through there would be others stepping up to the plate.