Potential Takeover?, page-2

Hope I’m not being too naive, to think there is nothing morethan a strategic issue here to their investment in Calidus; as they are also currentlyhedging their bets with another A$8m into gold explorer Explaurium ( EXU ) 

From AlkaneResources annual report

 “We are encouraged by the mineralisation we’ve identified inthe past year and will continue these activities, as well as other explorationactivities in Central Western NSW, with the view to establishing longer-termfeed for the gold processing centre at Tomingley.”

Production for the 2019 financial year is expected to be30,000 to 35,000 ounces of gold down from 78533 ounces this year.

This could beone reason they are branching out looking for potential resources in otherquality gold explorers! 

But their share price has not been that great over the past four years to give me any encouragement for a T/O !

GLA……LTH’s