Elysee Development Corp (ASXSF)

[Montanore]

Bob, my take on it is this: Alberta Star made a bid that was accepted by Sterling and if SRLM backs out, they owe Alberta a quarter million dollar fee.

Minco stepped up because they have a lot of invested money tied up in Sterling. They stand to lose millions. So they outbid Alberta. Perhaps they want a bidding war. The higher the bid, the more they'll make back on their investment. Minco is already tied up in China so I doubt they'll keep bidding it up. Now Alberta has teamed up with Kootenay Gold. So the plot thickens.

Alberta just did a 5-1 consolidation of the common shares. To me, this is a reverse split and I can't figure out to what end this serves. Do you know?

We'll find out sometime in April...