takeover, page-33

Mitis,

With the options in the money, a takeover would need to buy the options as well. Remember that a takeover requires majority shareholder support. With 730 million odd options, or nearly half of total shares on issue a good way for a takeover bid would be to clean up the oppies first so that they no longer play a part in the equation.

If there was to be a takeover bid I would expect very strong interest in the options. This is not currently the case as the options have no premium on them atm at all.

Takeover is a very speculative assertion at this time. Takeovers by large organisations often happens once production proves viability of the mine.

Cheers