takeover possibility?

Interesting article on junior miners in the weekend Aussie....sorry, don't have the article itself, but it notes a bit of M & A activity starting to get going in the resource junior sector, with the main feature being small miners with cash, buying or merging with companies with excellent prospects but no cash. Troy-Azimuth is the latest (T/O jus reached the Unconditional offer stage) The point of the piece though was that M & A activity was being stifled by things being so awful that Tgt company management were shunning merger talks for fear that they would not be able to find further work once a merger had occurred. Maybe this is so, but it still means that most companies are still sufficiently cashed up to just sit tight and hope that the gold price rises before their cash runs out and they really have to put the business up for sale.

So, MYG has a project, complete with DFS, but no funding to undertake it. What are the chances that MYG are fending off merger talks even as we speak?