some dd on KNX and WDOI own some WDO and have been doing some dd as to the logic of a takeover scenario of KNX. Cut and pastes to support logic and feasibility;
The
East-West property is located approximately 11 km west of the town of Val-d’Or. It consists of 7 staked claims covering 184 hectares (770 acres) in Dubuisson Township, Quebec. Along strike from the East-West property, 0.5km to the west lies the Marban mine, a past gold producer and 2.5 km to the east is Wesdome Gold Mine Ltd’s gold producing Kiena mine.
Wesdome 2009 year end reserves and resources
2/17/2010 8:00 AM - Canada NewsWire
excerpt
At Kiena, proven and probable reserves contained ounces decreased 30%, net of depletion. We continue to maintain a 2-year cushion of reserves and promote resources into the mine plan.
In 2010 we will continue the stepwise re-evaluation of our assets for organic growth potential. Chief amongst these are the Mishi deposit, the Dubuisson discovery and the Wesdome property. Acquisition opportunities which fit our regional development strategy will continue to be examined with discipline.
Fom the Sept 30,2009 Wesdome financials
Wesdome Gold Mines Ltd.
- 5 -
LIQUIDITY AND CAPITAL RESOURCES
At September 30, 2009, the Company had working capital of $27.5 million, an increase of $14.4
million from year-end 2008. During the third quarter, capital expenditures totalled $4.6 million,
compared to $4.9 million in 2008.
As far as logical acquisitions go we are a given. Yet another reason to own this stock!
IMHO