RE:RE:RE:RE:Lamaque deep mixed messagesWWH,
Your post says: " I'm not sure but I believe that Eldorado has a person reviewing drilling plans and results? If so, Eldorado would have an inside track on takeout."
ELD still has ~62Ms (about ~13% OS) and as part of their (strategic investment) agreement with ICG ELD has a representation in the Tech Committee in charge of the drilling of Triangle area (the Lamaque Gold Project). This would cover all the drilling in the south end, presumably. But, it would not include anything beyond the the so-called Lamaque Gold Project (the subject of the current PEA and the updated RE). So, ELD would have intimate knowledge of the drilling and assay results for this part of ICG. As I understand it, the GRC and Lamaque Deep targets are outside the scope of the Lamaque Gold Project... and de Jong does not have to share the info on the DEEP master hole and wedge holes with ELD, unless there are loose talks are dishing out at the local watering holes.
Note: It's odd that they have no representation at ICG BoD...Perhaps, they could not get that "concession" from ICG, or they just did not want to be considered as a "real insider" (technically they are an insider, by the virtue of their holding >10%, and knowledge of the tech info of the "Triangle" drilling program )
It would not be a surprise to see ELD have a run at the Lamaque Gold Project (soon), since this would be cheaper compared to the entire ICG. But, while they are on this slippery slope they might as well go for the entire company, if they "know enough" about the potential of the northern portion of ICG from the loose talks at the watering holes. In fact, there are all kinds of knowledgeable people in the area that ELD can talk to, including de Jong and Salamis.
Would an initial offer for Lamaque Gold Project of ~$500M (by end of March 2017), or 50% premium over the current SP 0.72 attract enough attention from shareholders, and other potential suitors?
GH