Post by
Solver on Dec 06, 2011 11:19am
Takeover and share holder protection
Seems that we are getting inklings of something going on in the background. Insiders have picked up over 1 million shares in Dec. and now this announcement. They are pleased with the progress of the drilling and continue to have high optimism for SPL. Lucky accident? Probably not! Maybe there are unsubstantiated takeover rumors in the hallowed halls of the mining monguls and precautions are prudent! There is enough public information around that Cameco and Rio and other U producers are aggressively persuing acquisitions.
I do not have any personal information from my Vancouver mining contacts at this point, and am cautious about simply repeating a "rumor" anyway.
Unfortunately the law of the land prevents ESO from outright telling us any details at this time! Seems to be a bit of an overkill at this point unless......... there are good reasons or soon will be??
If I was simply going to pick up more shares it would have been at the low 4 1/2 cent level, but with SPL now being drilled, and Mr. A being in Sask. it is hard not to think that some anticipation of future events is in the making! Or one could have waited until Jan. 2012 to top off their TFSA and buy shares there....perhaps they still will?!
Feel that there is more going on in the positive note side. There are no guarantees of course, but all indications are looking very favorable, but DD is still a top priority for share buyers.
Just wondering?
Solver