RE:GCU got acquiredCGJ could have been taken out by Nordgold. Offer was over 9 cents at the time (pre-split) or above 58 cents in todays price. I remember how many people on the board here were bashing the deal which was great hence me taking a position here. AUQ should have bought the company with a counter offer at the time and could have issued a portion in shares for investors who wanted to stick along for the ride. Almost a year later and I am still sitting on my position which is north of 30 cents. We all know there is value here but AGI (Aurico-Alamos merged co) is in the driver seat now and can take their sweet time with this project. I doubt investors are happy in hind site. I would still vote in favor of Nordgold's offer. Managment is the only ones getting paid, sitting around sucking cash.
By the way look at Nordgold up over 100% since their offer while most other gold producers have seen their share price destroyed.