RE: price to lowI agree, kfc. Another case of Canadian Boards taking the early modest profit rather that sweating it out and developing the property to its full potential. Management incentives certainly are a part of the problem, but our taxation system that doesn't distinguish between trading profits and long term investment is another.
Anyhow, we can hope for another bid but I'm not sure where it could come from? Barrick?, Teck?, who else?? one of the international multi-metall biggies?
It shows how investments in juniors by majors is a double-sided sword: it helps validating the junior;s property at the time of the investment but gives the major an advantage in discouraging competing bids when ready for a takeout.
Normally I immediately get rid of my shares in the case of a cash bid - here I'm going to hold on a bit and see if anything happens.