Nothing to do with PR The article had nothing to do with the underwriters and Belo cancelling the deal. As soon as the article hit the radar, a big player stepped up to the plate for a closed door meeting on a finance deal / JV / BUYOUT BUYOUT BUYOUT. Any big player looking to buy out belo wants to eliminate any chance of a decent size shareholder to jump especially when it comes to closing a deal like this. The article hit the radar and Belo cancelled it for a good reason - this was done purely to get the attention of the big boys that were border line with making an offer. As far as I'm concerned, the window of opportunity to buy at these low prices will soon be gone. Buyout expected range - $4 - $6 range pending upcoming results...thats if we even get to see the good news before the buyout occurs. I know the results coming are expected to add another 4-5 million ounces minimum and that only drilling a small sample of the land mass.
When the buyout comes - I will fly down to Brazil and coordinate my own drill program next to this piece of land. Longs who have waited from the Verena days will get the bankroll shortly.
Jump on before the boat sails.