cl001- I just believe that LIM & RNO received less than market bids. I've owned LIM since about 8.5 and RNO around 2.60 so I got in after some of the veterans here promoted these companies, but I still saw some value. Luckily I've been taken out on LIM for 150% more than I paid. RNO I thought I was smart enough to trade, but got out a couple days before the deal announcement. Only bought back in after seeing how there was a counter on LIM assets, I figured probability for it to happen at RNO is similar consider the paucity of the bid. My downside risk is limited due to the outstanding bids and the fact the deals are cash deals. According to the market there seems to be possibility of another offer for both these companies, since it's trading above deal price.
Just as I was a little late on LIM & RNO, I'm probably late for your junior miners as well. You guys have done well on these and that's an enviable record. I'm in the slowdown camp following this year, so to me at these price levels a lot of these to me do not provide sufficient margin of safety. Metals prices have been volatile and things have gotten a bit heady for me. The only junior miner I was able to get in on was TRGD at around .35.
