1 for 2 buyout?May be a buyout is going to be a split deal between Batista and Beaty? Each cherry pick the site that goes with their current projects.
Ross Beaty was into Ventana for a good percentage but at the end of the day had to take Batista's offer and money (at a substantial profit).
https://www.mineweb.com/mineweb/view/mineweb/en/page66?oid=84404&sn=Detail
Ross Beaty takes his winnings from Ventana and goes down the road and throws money into CB Gold
https://www.northernminer.com/issuesV2/VerifyLogin.aspx
So perhaps GWY is working on a two way split where Batista gets his land fractions and Cali site and Beaty gets Vetas to coincide with CB Gold Project. Or may be even Beaty is trying to scoop everything to even the score with Batista? This was even theorized by a blogger on Stockhouse.....
August 19th 2011Ross Beaty or Brazilian Billionaire Eike Batista Eyeing Galway Resources??
This is my last update for the day. I am still working on My Watch List Article, which should be up by Sunday evening. Investors should keep a close eye on Galway Resources-GWY.v. The article below was posted on my stockhouse.com blog.
Mining entrepreneur Ross Beaty bought Ventana Gold and made a lot of money on the stock thanks to the take out at $13.22/share by Billionaire Eike Batista. Galway Resource -GWY could be a company on Ross Beaty's watch list which could be on the verge of a big gold discovery similiar in resource size to Ventana. The drill results that Galway have been releasing are great and as I mentioned many times is currently being ignored by the market. The smart money I believe have been buying up shares of Galway - thus the volume and increase in share price. This stock has been holding up well during this volatile market.
Another thing that could happen is Brazilian Billionaire Eike Batista takes a position in Galway Resources. He owns Ventana Gold and I am sure he is watching his neighbour very close. I am sure Galway Resources has a multi-million oz gold deposit, the question is how big is it. The drilling will tell the story and I believe key people are "probably" watching. July 21st gold intersects were spectacular- see news releases below. Do your due diligence.
This is only my opinion and there is no truth that Eike Batista or Ross Beaty has taken a position in Galway Resources.
https://www.lexcorpnewsletter.com/