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...
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