Well it goes without saying really. Share price is low, the time to lob a bid would be before drilling Aguinaga, positive results there could potentially drive Solgold a lot higher. I would not be in the least surprised if one of the majors drop a bid in the next month.
I think its interesting that Solgold has elected to go for Aguinaga. Why not leave it as tantalising upside kicker for whoever makes a play.
NM obviously has thought out the timing and might be scared of oppourtunistic bid..
Maybe a few of the majors have taken a stake and are unknowingly working together to get the price down pre bid?
Me three or four perhaps?
DGR Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held