RE:RE:RE:RE:RE:RE:what's the next price 'driver' A takeover price is a guessing game at this point primarily because the price will move to C$8-$9/s sometime over the next 6-8 months on its own merits. An offer price of C$14-C$15 is more likely to be the case - in the near future.
However, at some point in the not too distant future, AU production will achieve 150,000 oz (perhaps before Stage 3 is completed). At that point there will be a large cash position and significant revenue being generated increasing the incentive for a takeover.
At 150,000 oz , depending on the outlook for increasing production with Stage 3, the BoD will be less likely to entertain an offer (more likely to want to let things play out towards 300,000 oz/year- why not?).
In addition, form an economic and global perspective, there is huge amount of uncertainity and risk out there that could drive up the price of AU. IMHO
KNT is undervalued at the current price (all things considered). A situation like this has played out many times with other junior mining companies so there is nothing really unusual about it dragging on. As production increases however, it becomes a case a when and not if a takeover offer is presented.
The bottom line -continue to accummulate in the current price range and be patient (Buffet appraoch) will likely pay off big time in the not toooooo distant future (hopefully and IMHO)