Gold Canyon Resources Inc V.GCU

FF is a shell company...only $3 million net cash..

[tannin]

FF share consolidation coming soon, guaranteed, say 1 for 4, 1 for 5. FF running on fumes and hot air of big guy Nieumeyer..lots of Nieumeyer hot air, but no cash...this deal is serious bs..outrageous 

[uggg]

Well jee, tannin, with this being a great asset and all somebody else should come a long & bid it up, right? If so, then buy.

[tannin]

uggg, the breakfee is so high, $4 million, way more money than FF has, net, in its treasury, that it's a huge penalty should anyone want to compete with the offer. Akiko, shame on you, shame.

[uggg]

tannin, market cap is 32m [thanks to ff]. You are concerned that the offer is not cash. What do you think gcu is worth in cash in todays market?

[tannin]

I don't want cash, uggg. I understand giving away 50% of our asset to finance our property to production. I do not understand giving away 50% to be part of another company which has no money. NUTS.

[uggg]

Point being, anyone that sees value can make their bid at anytime & 4m breakup isn't going to slow them down. Unfortunately it's a public company & the market will tell you what it's worth at this time & I think the market is speaking. Management knows the problems ahead & feels the best position is with proven deal makers. Don't worry gcu has shopped this around

[cman1234]

that fact of the matter is in this current market no ones going to finance you to production

[moneyhungry87]

tannin you are nuts you should be happy FF has bought GCU...look at our port of assets and its growing there is huge upside and now you have exposure.

[colt45acp]

Check out Bob M. COMMENTS on www.321gold.com about the deal on GCU. 

[MrBigger]

Uh that would be GCU paying the break fee to FF and would only happen if a higher bid emerged for GCU that won. The new buyer would pay the break fee. Small potatoes for the Osisko's/Detours/Goldcorps/Agnico's of the world.