I agree with you -- the current price is way too cheap, given the momentum we can expect in the run on gold this year ... and probably the next year ... and maybe beyond that.
You can bet that PDG is hoping to pick up AOR quickly before things really start to explode.
I won't be selling my AOR at these prices.
I look at it this way:
By holding you have a win / win situation:
(1) either a counter bid may emerge at the 11th hour or PDG may be forced to add a significant "sweetener" to be assured of the prize it so keenly wants
(2) a strong run in the POG will change the equation irrevocably ... AOR holders will gain big time
And even if the worst comes to the worst ... ending up with PDG shares (relatively unhedged with AOR's mines and reserves) might not be a bad way to ride the gold wave all the way to the shore over the next couple of years.
Just my thoughts - there is more drama to be played out in this one ... you can bank on it.
Cheers, Xerxes_ph
AOR Price at posting:
0.0¢ Sentiment: None Disclosure: Held