If they are looking at a buy out My money is on AUQ as the potential target. They have unloaded their poor properties and are focused on the Canadian asset. They have cash on hand from the sale of existing assets and the Davidson mine is going to grow over time. It is currently in operation and NGD can get it below market value because the shares are trading at a discount. AUQ is looking to pay out some of the cash on hand as a dividend. If NGD were to make an offer they get the cash and cheap shares. Just my two cents