Just got back to computer to see the headline of the announcement, and will read it fully later if time allows.
Basic problem is that TGZ also has crappy management - I have posted about this on that thread, I was a shareholder over a long period.
I hope there is a higher bid, this is way too cheap. I wrote to Parsons and begged him to arrange a merger as it was clear to me that he would not get the funds for mine development given his past mismanagement with the $80m the company once had.
TGZ does have a following in north America so its share price will move up on this announcement and boost GRY - so hang onto your GRY shares for the time being.
I am not surprised that Parsons will walk away with a golden handshake given to him by TGZ.
Life in the goldie world goes on.
loki
GRY Price at posting:
17.0¢ Sentiment: None Disclosure: Held