Just my theory on the sequence of events that have transpired this week....
1. EOM and GWY were going to consolidate pending EOM getting their Angostura permit
- this is why our AGM was to be designated special
- we were being held up by the court decision, which ultimately went against EOM. GWY would not have released the 43-101 as it would have screwed up the consolidation ratio. Perhaps this is the elephant that has been sitting on our share price.
- this makes sense since EOM has bucket loads of cash (+50m) in which to easily pay GWY's obligations on their option agreements post 43-101
- Batista probably requested that all of the consolidation and agreements be tied up in a nice tidy little package so that he would only have to make one transaction to acquire both EOM and GWY
2. EOM did not get a favorable ruling so RH went into swift action (the contingency plan) to move forward with our sale to Batista
- quickly provides details of the AGM
- quickly arranges financing with BMO (obviously this had been arranged prior as a contingency plan) and I think its reasonable to assume that the deal is in hand for BMO to do this (as per noreaster's keen observation this AM)
3. Expect published 43-101 shortly
4. Expect Batista offer before AGM
JMHO - but seems to make sense. Any opinions on this?