RE:Bad news imoIt is a take-over, by Dundee. Ned Goodman now has 98 MILLION shares of EAG. Why didn't they change the name to Dundee Exploration??The fact that these power brokers want EAG is a positive.
Brad Kitchen was not in this league. These new guys will be able to put together a deal to sell Windfall to Osisko or another Abitibi gold miner and the dramatic increase in the POG in the next 6 mos will just sweeten this deal. I can't believe their timing (POG today)...that's why Ned's a billionaire and we are investing in penny gold explorers.
All good news except the shares outstanding....that's a problem.