re: gold t/o offer ....wooo hooo!! It appears Cambrian got a very good deal for their investment in January.
In a scrip only bid, currently Cambrian are valued at 160p on LSX. This equates to $3.83 a share AUD
So for $1:50 a share for AGZ it would mean 5 AGZ for 2 Cambrian shares. At the higher end of $2:50, a 3 for 2 offer.
Anything less than a 5 for 2 offer would be an insult :)
Cambrian have primarily coal interests with AGD for gold basemetals and Aztec Coolan island for Iron ore.
http://www.cambrianmining.com/
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