Ann: Quarterly Activities and Cash Flow Report , page-9

re: Ann: Quarterly Activities and Cash Flow R... There is always the thought of a takeover and I even recall seeing something in the Fin Review where a broker or IB identified AZH and PIR (going great guns in Mali with a Maiden JORC of +3.0M) as T/O targets. Although not discounting your theory, but at the moment I am not overly concerned that this event will happen as from my experience, a t/o will occur after extended periods of due diligence where a a multitude of quant. variables will arrive at a T/O offer price. You see the range this buying/selling is occurring and 32-38c just seems to be the status quo so i'm not certain that this 'drive down' in SP would be of any major benefit. Plus...we all have the highs of $0.99 in memory too (I know I won't be giving up my holdings without a fight should it come to that)....Anyways, I guess I'm saying I'm just not certain that this type of trading would be aligned with a strategy for a t/o. Of course they would like to pick up as cheap as possible but is a couple of cents really going to make the difference. Let's hope the momentum shifts soon.