Hi oze wolverine,I really hope not but if Ivanhoe decided to...

Hi oze wolverine,

I really hope not but if Ivanhoe decided to partially dump their share in the market and not enough buyers will absorb them (eg some new insto) or SOL could hold on from buying, plus the declining macro-economic condition in the market...it is possible. This can result in a One-party bidder theory..ie price languishing at or near the bid price as nobody is willing to bid it up given the condition of the market.

This happened to SDL where there was a bidder but only one bidder. Any hope for an increase in price is basically dashed but there are other factors behind it!

What we really need is a white knight (dont ask me why not a black knight! heheeh.) but let us hope that this finding will get some big resource houses interested eg. RIo/BHP

Does anybody know if the tenement is close to any of the "BIG RESOURCE HOUSE" such as BHP.RIO ?

I just need a good capital gain .... I really do!!

I hope I am wrong..