CheapSeems a little low for this deposit IMO. Analysts were calling for .60 if financing was procured
and now we have a sale for .42. This will be a very low cost producer for EDV and I'm a little
surprised at how low it's going despite the 48% premium offered to holders. The premium
sounds great on the surface but it's because the stock price was kept so low for so long. On
the flip side, EDV has been a tremendous success story in Africa. I chose TGZ over EDV a
few years back and as of now there is no comparison although TGZ is starting to gather
momentum with their project and is following similar path. It looks to me any increase in AVK
is tied to EDV at the set ratio. In the interim, gold needs to go up for this deal to create more
value. Still better than waiting and hoping.