I agree, there won't be a second bidder. The directors have got their payouts and incentive options. If they thought that there would be an offer, they would have at least rejected the first offer, posted drill results and at least attempted to get finance in order to get more agreeable bids. They've done jack, and to be fair, there's been a for sale sign over banfora for quite a few years.
Could Macbank and MM be buying these shares for Teraga (merger facilitator)? Is that a possibility? Have I been smoking crack?
GRY Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
