RE:RE:Who is best for buying GBR?KL could also take out Novo, it has so many fingers in differant pies it's quite extraordinary.
I wonder about the possibility of two players teaming up to take us out, as in the Agnico/Yamana takeover of Canadian Malartic.
And why not those two who obviously work together already and have the expertise and maybe even the financial muscle to do it.
If we are looking for an early take out, which is a relative term, then we need a company/companies who are comfortable taking out a grass roots exploration play , buying Oz. in the ground before it reaches any level of trouble free production and the number of companies willing to do that may be limited. Most have been badly burned buying too early.
But to get to even the point where we are attractive I think we need to complete the process of
de-complicating our resourse. Think we are still somewhere between a " geological curiosity "
and a " complicated orebody " that still hasn't been quantified.
All of which works in our favour.
There are still a few bars for us to clear, like the two above but once we've drilled enough holes and maybe even re calibrated the holes we've drilled and all those dots on the scatter plot come into focus I think the market will have this " Ah Ha " moment and the stock will gap up considerably.
At that point I don't know what we do, continue to drill like mad building as many Oz. as possible before an offer comes in and just fend them off as best as possible ?
It will be interesting to see how this plays out longer term but I'm still waiting for the" Ah Ha " moment, that final piece of the puzzle that we drop in place where everyone finally sees what this picture really looks like, that facinates me.
I think it's going to happen relatively soon too, maybe with the re calibrated holes we are working on now or maybe after realeasing the next batch of 20 or 40 holes, but soon.
Then the question will be what does this " Ah Ha " moment tell us ? Is it 10,000,000 Oz. of bulk tonnage at surface with another 5,000,000 Oz. of high grade at depth or is it more than that.
Whatever it tells us I'm predicting it's worth $ 25 a share in the near term and then we build from there.
Tuesday maybe !
flashcash wrote: goldman88 wrote: My vote is KL.It would make them a Ontario power house and they would have 4 great tier 1 mine. All they have to do is issue 100,000,000 new shares to GBR shareholders . Even better , 2 KL shares for each Gbr share. Dreaming a bit here .
KL IMO will take out Wallbridge, and that will take time to digest. Newmount certainly could, Evolution would be stretched to far but doable I would think.