I posted this on a UK GGG board but it may be on interest here as it shows what could happen to B'ling if it ever gets controlled by one company.
In case anyone had missed it, a neighbouring gold mine Edna May, which many including GGG use as a comparison to B'ling, is having its own 'unsolicited' takeover problems. Bidders value the owning company Catalpa at $350m.
Doing a very, very rough calc, if GGG take over AZX, then we could also be reasonably valued at $350m, which equates to 84p ( Present mid price 33.5p). However I think B'ling is likely to have greater resources than what Catalpa currently have so it is possible once B'ling is consolidated in to one company, that it becomes a takeover target yet again.
Personally and hypothetically if we get B'ling, I would not accept a takeover offer for GGG unless Jeff thinks it is in SH's interest. Anyway it's a nice thought for the future
