there is no doubt that the acquisition activity is picking up everywhere.
an article on cnn today talks about widespread Chinese frustration in latin america - mining projects moving too slow with too many barriers to tangible cash flow.
there are also those lining up to acquiring existing operational mines, like the one referred to earlier re; anglo.
the one fundamental that we offer is a solid financial and technical project, with key players, management, and environment to support acceleration to production. its turn key for a great spin off.
I would say that yes, we are most definitely a target for acquisition at this specific time, whether it be Chinese, or another major mining player.
The one million dollar question is how much. I would bet that Mark will be looking for a nice return for himself, the local supporters, and for key investors like Lind et al, not to mention the rest of us who have been in for the long ride.
I am not worried about the creeping acquisition. Any investor acquiring a certain percentage has to declare. If they keep coming, I am very certain Mark is smart enough to have already had this conversation with a few key banks and could very likely avert this at less than fair value prices.
AO< we are a public company and they have to release news in a set period in order to comply with regulatory laws. Cannot hold back or you get in trouble.
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