whats the point of a takeover - really?

Fellow shareholder's,

Here we have a company that has our 'hard-earned' in it and is making money in a nice way via White Dam. The WD site (surrounds) is still loaded (I'm sure) with a lot more gold than we can imagine, as will be evident with results of further drilling programs at Vertigo, WD north, WD south, etc in the near future. My understanding is that the profits from the White Dam area mines will go towards the CCP. That money is, I believe, more than enough to carry-out drilling on that project. Once JORC's are produced showing better than measured estimates, then surely we can do our own thing with mining and production, without any dilution of shares... even if we need to debt-fund it. I can see the possible benefits of a JV, but not a T/O.

Thats my opinion only. I haven't held for too long, so please be gentle. May I now ask respectfully what you think?