RE:RE:RE:Strange Action on brutal gold day? Yeah does seem strange doesn't it?
I wouldn't be surprised at a takeover coming up myself.
Figures that the vultures wait for NGD mgmt to do all the heavy lifting first ( reduced debt, selling black water, agreements with BMO and teachers pension, hedges off in 3 weeks, stable and rising gold price with gold price appreciation coming up, fiscal stimulus packages next Feb imo, etc).
Yeah I would say someone might want to pick up ngd now before the end of this year.
I agree too that with a current $2.50 cdn share price, how much can we expect to receive for a premium? 30 to 40 percent premium only translates to an increase of .75 or $1.00 per share. 50 percent could be feasible but I doubt we get a 100 percent premium.
That is the problem when you are at such a low price. I think NGD could deliver better returns on their own without a buyout. I hope Renaud Adams us playing this smart and doing what is best for the shareholders.
Time will tell
Ron