RE:RE:RE:Not Muchtdsb wrote: Hi northstar, companies get taken out all the time sometimes another company just likes the land position a company has without any drilling having occurred. This company already has over 100 drill intersections. They are at the stage where they will start infill drilling to prove up this resource. We know this property will become a mine. We are at $4.25 CDN,once the stock goes over $5 institutional money will start buying in. The price will then start moving faster. If you are a major looking to acquire this property when do you enter the picture, when the stock is selling for $10 or $30. We know they have a huge deposit on their hands. Too many investors think a company will just acquire a PEA, and an MRE and then put the property up for sale. There are sharks looking at this play and they can strike at any moment. I believe there will be multiple offers for Eloro. In this environment companies usually pay up 30-50%. But Eloro will be acquired for more than that because of the size and content of this property. I would prefer to see it run because we would lose a lot of potential as investors at this price. CHEERS!
Only a handful of companies capable of buying and developing this. Marrone will help shepard any potential deal...