Voltalia Ord Shs VLTAF

YRI takeover offer for XG

[gold_diggers1]

I wish I could say that same for VTR.... someone to offer VTR $3 - $4/share?!

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I guess XG has lower capex and lower operating cost/oz than VTR, but have less oz gold.  They are staging their mine development.   Can VTR do the same with KIaka South?

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GLTA

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Yamana to acquire Extorre Gold for $395-million

2012-06-18 05:57 MT - News Release

See News Release (C-YRI) Yamana Gold Inc

Mr. Peter Marrone of Yamana reports

YAMANA BUILDS ON ITS DEVELOPMENT PIPELINE WITH ACQUISITION OF EXTORRE

Yamana Gold Inc. has entered into a definitive agreement with Extorre Gold Mines Ltd. whereby Yamana will acquire all of the issued and outstanding common shares of Extorre. Extorre is a mining company with exploration and development stage precious metals projects, the most advanced of which is its Cerro Moro project, a high grade, gold silver deposit with approximately 1.36 million ounces of gold equivalent indicated mineral resources and 1.05 million ounces of gold equivalent inferred mineral resources, located in the province of Santa Cruz in Argentina........ blah blah blah

[VentureTrader1]

...but if you'd bought Extorre at $6.00+,  how happy would you be geting 4.18 on the acquisition?  The ones that are happening right now (TRR, XG, etc.) are going to look like firesales/bargains for the purchasers when people look back on this, I have a feeling.  Still, this holding at .72 is REALLY frustrating - it's like the market working to establish the idea that .70 is

[ALLEN4]

I do believe these prices will seem like a bad dream not long from now and I stand by my prediction of plus $1.50 and rising by September, 2012.  We have two things going for us:  1.  the junior gold stock sector appears to be on the verge of a very good recovery.   2.  VTR itself is in the process of transforming itself into a producer, and like a catepillar turning

[gold_diggers1]

Yes, I know.... It's still a shoot for people who bought XG above $4 all the way to $14 in the last year?!    Right now, it's a bargain for big miners who is willing to shell out $$$ to acquire juniors.... But VTR's high was $2.65.... $3 - $4 offer will be good for all, but of course one is dreaming with that kind of offer that no one will be put on the table.  That