straight from the horses mouth, page-8

LOL, just a little bored Welkin,I note both evocet and ashanti are still bullish about Guinea,evocet even mention talk of a review of the mining tax as "going favourably".

I saved this news item and only rediscovered it this morning.

From the West Australian dated the 4-5 August

Page 63 (West Business)

Cashed-up gold miners ponder new acquisistions ( Diggers and dealers) (Nick Evans)

Northern Star managing Director Bill Beament

THERE's THE SMELL OF M&A IN THE AIR


Companies such as Northern Star,Resolute,Evolution and Troy all have producing assets and solid balance sheets,and have made no secret of plans to buy.
High levels of exploration and development activity in Australia and overseas,most notably in West Africa,mean a number of companies have late-stage gold development projects with no clear development funding.
Veteran deal-maker Charles Fear,exectutive chairman of Argonaut Securities,says prime targets would be companies with unfunded projects with big,1.5 million ounce-plus gold deposits,with average grades topping 1.5 to 2 grams per tonne.
" In March you had a series of companies that were extremely
well-priced in the market,and a higher gold price.So when people looked at the targets that were unfunded,they were too expensive.
Those targets have now come back a long way,which makes them attractive," he said.

( Not the full article)

Raider