RE:RE:RE:RE:RE:RE:RE:no news drilling 2016I don't think takeovers work that way basing it off a raw percent markup over current share price. Its more about the number crunching of value per ounce of gold given its quality grade. The Nitty Gritty stuff as Wilwal refers it to. If the market value of MXI quickly rose now to $.35 per share. IamGold can still say they're only paying $.35 for it and large shareholders could agree to it with no mark-up over current share price. Some cimoanties are bought out 3 to 5 X's current share price and some barely over. Notice CRJ that got bought out by SSO for only a 30% premium. That's because CRJ used to be $.12 in 2014 and over a dollar before buyout. MXI has not rallied that much like CRJ. So a 100% markup to current share price is justified in a buyout of MXI. Also... lets not fool ourselves. This is a penny stock. Just because the share price could reach $.30 that doesn't mean 160 Million shares can be sold at $.30. MXI might reach $.30 and no buyers to buy at that price. To clean out all the outstanding shares... we need a buyout. Only small holders can sell a bit at $.30. Its all about the buyout for the large holders. So even if MXI naturally reaches $.35 per share... the largest shareholders could still approve a buyout with no markup at $.35.