M-T, In an earlier post I stated that the company will do what it has to do regardless of what was said before. But I do believe an R/S would be counter productive at this point. The way I seeit is the company can retire the A/S, do a stock buy-back or use the A/S to aquire more assets. With the pending merger it looks like the CO is doing the latter. AMNP is at .0013 with no debt and possible assets. They've also aquired the Silver Wing nd the uranium mines. It looks like they are trying to increase MC and thereby increase share value. The problem I have is, do they have enough time to do this? Obama is going to do every thing he can to repair the economy before 2012. If he's successful the price of gold will drop. If it drops to 1400-1200/oz there could be a panic sell, which would not necessarily be bad in the long term for CGFIA, as most gold contracts are paper and the banks-brokers won't be able to cover. This puts juniors in the cat bird seat for gold demand. So I think we will just have to wait until Feb. 29 to see if the merger happens, than hopefully by spring we can get ther permit and bring in some revenue.
WHEW! NUFF SAID!
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