What a takeover target ANX can't be: As I have said before, I didn't invest so much of my life in a gold producer that ends up getting eaten up by a larger interest only to be left with peanuts and cracker jacks. We NEED a SHAREHOLDERS' RIGHTS AND PROTECTION PLAN and soon! Such a Plan would deter any larger interest from trying to take us out...literally. Dustin: get going on this as there are vultures out there with tons of money who can sit through this storm in the gold and precious metals sector. There are many ways of doing this. The easiest is: if an unsolicited takeover bid shows up.....every registered shareholder of ANX who held the stock 90 days prior to the date that bid was issued, would receive 25 additional common shares immediately. At which time this unsolicited bid is revoked, and after a waiting period of another 90 days, then and only then, would those 25 additional shares be cancelled. There are other ways of doing this, of course. I would be glad to hear from other bullboarders here as to their PLAN to protect us and the Company from vultures. By adding 25 shares for every one of the (approx) outstanding 179M,000,000 ANX shares issued and outstanding, the share capital would be just too much for most other larger producers to handle in a takeover bid and the overall cost would not justify the actual value of the assets that they would be taking over.
By the way: congratulations to Dustin for cleaning off the interest-bearing debt from the books and continuing to advance the exploration of our lands in the Peninsula, in spite of the panic in the metals market. That's gutsy and aggressive and demonstrates Dustin's commitment to the overall success of our Company.