Mostly: Classical

[amarksp]

FWIW, confirmed that GLG did in fact make the acquisition of Francisco Gold PRIOR to the bankable feasibility study per review of Francisco circular:

"Glamis first signed a Confidentiality Agreement with Francisco in March 1999 and thereafter conducted a property visit and a due diligence review of the pre-feasibility work on the El Sauzal project. In April 2000, Glamis management approached Mr. Reifel, the President of Francisco,with the concept of exploring the potential of combining the two companies. Terms of an indicative offer were proposed by Glamis management which were taken to the Francisco board for review. After careful deliberation, Francisco’s board determined the offer was not in the best interests of its shareholders at that time and declined to pursue discussions further. In turn, the Company decided to advance the El Sauzal Project to a final feasibility stage.

During mid-2000, Francisco initiated a comprehensive review of certain property interests in Guatemala owned by Montana Gold Corp. The due diligence review resulted in Francisco acquiring Montana Gold Corp. in December 2000. In early 2001, Francisco commenced drilling the Marlin Gold-Silver Project in Guatemala. Glamis continued to monitor Francisco’s corporate developments during this period. By early 2002, the final feasibility study on El Sauzal was well advanced and Francisco had reported the drill results of 70 holes completed at Marlin.

Throughout this entire period, Francisco management continued hosting site visits and providing due diligence information to a number of interested mining companies. In early 2002, Glamis conducted further due diligence on the El Sauzal feasibility work advanced by the AMEC Simons Group of Vancouver, British Columbia, and all of the exploration and drilling results reported on the Marlin Project. Once reviewed, Glamis management again contacted Mr. Reifel to invite him to attend a meeting at their corporate headquarters in Reno, Nevada. At this meeting, Glamis management presented terms of a proposed offer to combine the two companies. Several meetings were held during the period of February 18-20, 2002 and included financial advisers for both companies. Negotiations progressed and resulted in a Letter Agreement being signed between the two companies on March 5, 2002."
see page 46: http://www.sedar.com/csfsprod/data31/filings/00446447/00000001/i%3A%5Ckkbl%5C41114%5C28%5CFINAL%5CPD....

AMEC was just about to release the BFS prior to the GLG acquistion of MFN. AMEC was awarded BFS contract in Dec 14 2001 and this was to be completed in March 02.
http://www.sedar.com/csfsprod/data28/filings/00410159/00000001/e%3A%5C%40Sedar01%5CF%5CFgx%5C1214fgx....

As stated, my hope is something similar happens with MFN being acquired right before release of its BFS. MFN has been in discussions with several gold majors/intermediates for the past several months in regard to an acquisition and I confirmed this once again with MFN investor relations today.