loki01I had NGF down as the likely suitor for a T/O when I made...

loki01

I had NGF down as the likely suitor for a T/O when I made my statement before. I have thought this for some time it would be an excellent way for NGF to get that cost down and optimize their mill.

Would $2 a share buy this one? Look at the T/O of BCD by BDG (not comparing the companies just the valuation). BCD was completing a base formation and the offer looked good by that standard only.

Years ago I lost RBK in Ghana at an early stage it happens all the time. I believe a cheeky offer could come in at $1 but the big holders might not accept unless they need the cash.

Random thoughts - not professional knowledge in this case!