RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: NR Tod tongon,
I really doubt that OSK is interested in THG s managements ability to deliver? I mean, really they cant even answer my question, so thats not a good sign already. Plus what kind of experience has victor and his management team got? please someone enlighten me??? I cant recall how OSK purchased those shares again, cant remember but I dont think they did it on the open market, it would have caused the price to skyrocket?
In my opinion, THG and GBB should have done some arrangement about 3-4 years ago, tie this all up in one huge land package. Probably too late for that, GBB has neither the money and probably victor would want too much, but hey, you never know? ( The ACA Howe Report has a lot of interesting information and a good read, which explains alot of the ground, grades, structure, nugget effect, etc. Go back read all the stuff on the GBB board from a few years ago. )
But this halt has been a long time, so at this point, I dont think its about Adanac, but I could be wrong.
The only reason why I think OSK is interested is that perhaps OSK is struggling with their grades, they are unable to meet their targets and their costs seem high, and I think I read they never did a bulk sample run of their material, which might help explain some of their challenges?
A GBB-THG land grab could provide them with some instant access to ore off the GBB land which they could ship to their mill and get some nice bonus. When GBB did their bulk sample i think the grades increased from around 1 gm to 1.62 gm per ton, so a nice bonues due to the nugget effect, which again seems to run thru both properties. Market capitalization of both companies is a joke and it would be a steal for OSK, they would be laughing all the way to the bank on this one......so.....
Let s see what happens tomorrow.....