It would be a win win situation for them . Make a offer when POG is still low and Namoya not at full capacity. They still have a chance to steal the company before end of the year the PPS might be more fair value . If management does not accept the buyout offer , they just increased value of their shares by a lot . They could use the Canadian company that they wanted to have a JV with a while back. https://en.m.wikipedia.org/wiki/China_National_Gold_Group_Corporation
Seriously. One nice thing was the market cap of GoldOne was $444 million, if we went out at $1.50 tomorrow I could live with that but still long term we could be a multiple of even that.