Whitelaw Fault Lynchpin, page-55

I agree that CYL s market cap is at this point of time is possibly only reflecting NMLs Tandarra at 10% or even less. Their pot of gold is 4 Eagles. But of course if Tandarra can be proven up then the equation changes. Putting that aside, the recent volume/share price of NML smells to me very much of concerted accumulation, possibly even by a predator. Good volume on opening today, not normally seen, case in point. A T/O at some point remains a very real possibility, in fact I would say a probability, given NMLs lease acreage and location around the Whitelaw zone, let alone what I think may prove even much more valuable at Langi and Glenlyne. I am very much fixated on the two top deep-pockets holders (Smorgons Group ( VBS) and Kirkland ( Crocodile Gold) with a combined just over 20% shareholding. Either could gobble us up without even a burp. And of course with CYLs jv, we could be a potential target for them but I would think they would want to see Tandarra proven up before any corporate action.