Ann: Trading Halt , page-18

Mgh as trade sale unlikely.IMO the ipo for mgh failed as priced too high as what the ipo was priced at in terms of ev/oz value of current resource base and comparative peer values of gold stocks at same stage of cycle meant unattractive IMO. If was sensibly priced would have got of the ground IMO.

Kor has lots of great projects but not sure if has required management capability to realize their value. Whether this means they need a decent project manager or better utilize advisers e.g brokers, rather than try to do it all themselves, I don't know, but not convinced me yet they have this all covered. Who knows maybe this deal to be announced proves me wrong.But at this stage I am more likely to be pleasantly surprised than eagery anticipating.

One thing I have learnt with specs is no matter how good the resource or projects, strong management capabilities is the key to unlocking value.