No interest in the shares hey!! How does that explain the two...

No interest in the shares hey!! How does that explain the two new substantial holder notices we got for a total of 65.09 million shares prior to the recent funding arrangements (all the while the share price slid).

We are being taken over by stealth.

Very credible rumours have it that Clive Johnson had made a 50 cent offer in the form of a quip at a conference a while ago. He will make the company pay for laughing it off IMO.

Have we got any fight in us? I don't know.

The company will be too distracted trying to build this mine rather than building a TO defence strategy. In my opinion the only viable defence strategy is to keep proving up the ounces and improving the feasibilty work. We might have been better off with this approach, spending the remaining substantial treasury that we had on that instead of proceeding with the mine. Generally before the offer comes in these situations the media (aka friends of the banksters) circulate an article leaking information that company X has engaged merchant bank Y to advise on a TO defence, but by that time it's too late already because there is nothing practical that the company can do. The only defence once a TO comes is the valuation in an expert report and more ounces, a longer mine life and a higher NPV on paper means a higher value and that can't be achieved while the TO is in force. It's hard enough for managment to concentrate on (keep up with) the legals by that stage. The defence needs to happen before the take-over in the form of things experts can value. Actually putting nuts and bolts together on a real mine doesn't do you much good if the TO comes before you hit the start button on the mine because you aren't actually adding any value during the construction stage.

We will have done all the hard work discovering the deposit, proving its feasibilty, funding and building the mine and in one foul swoop that will all be gone.

Our defence is to drill more ounces, increase the LOM and produce an updated feasibilty with a higher NPV as fast as we can.

Thankfully the gold price is headed back towards the US$1,300 level on which the current feasibilty NPV is based.

The gold price is helping to defend us but the company apparently doesn't think we need defending or they are doing a good job of giving the impression that they don't care or they actually don't care because they are effectively paid puppets in a master plan. Esh