RE: VGDs reaction.. Well, Zara looks like a breakfast of scam and eggs and doesn't pass the smell test.
On the other hand, can't say anything good about Visible mgmt. They say,
"We believe the unsolicited partial offer announced by Zara is highly opportunistic, coercitive and significantly undervalues Visible Gold Mines' assets and future value-creation potential."
If the offer is so "highly opportunistic" and "significantly undervalues" us, then why the f don't THEY buy up shares at that price. Heck, the price has been less than half that for how long now?!...and yet, even at these previous lower prices, which would then be "stratospherically opportunistic" I assume, they still hadn't bought anything. All talk. They don't even own 2%!! And since everything is basically on hold, what the hell_o do they keep getting paid for? I'd love to have SOMEone take out this bunch of losers. Too bad the only bidder is another bunch of losers.