RE: Bannor18 Apr 2017 20:40
Evening GK - gotta say I'm not so sure there's an imminent takeover in the offing either hostile or otherwise, I must say also though that I have no idea what the benefit or otherwise might be of transferring the shares excepting maybe a possible tax manoeuvre.
In my opinion it's too close to the first preliminary drill results with the second drill presumably not too far behind - by the time they've announced an offer & allowed time to set dates for votes etc it would be difficult to justify an offer being fair, reasonable & in shareholders interests if it doesn't reflect any drill results subsequently posted between offer & vote....I really can't see them being able to delay results or them being anything but accurate - monies no good if you're behind bars.....
As far as I'm concerned they'll need to get the drill results out & factored in before making any other moves IF that is indeed their intention in any event.
Been here for years & bought in initially at near 7p, averaged down some with more losses & then took a chunk in the .21 offer.... I've experienced the roundabout from iron to gold to Coltan now back to gold (& maybe the Iron will come back into play at some point) am expecting & hoping for a near complete financial recovery 1p would do it & 1.6 would make me happy.