Fairly large interests held by directors, AMCI etc. If they aren't satisfied with any potential bid, I'd suggest that there would be little chance of it being sucessful, whether it be friendly or hostile.
In one GIR presentation (and I'm not sure which one), they refer to the proportion of 'insiders' or suchlike.
Really, these guys are in the process of putting down or soon to put down, by my count, close to 400 drill holes. I'd hope that we'd see the results of these on our resource base before entertaining the idea of a takeover by some third party. Currently, half the market cap of the company is represented by cash in the bank and investments. I'd like to see our projects accounting for 90% of the market cap, not a lowly 50%.
GIR Price at posting:
81.0¢ Sentiment: LT Buy Disclosure: Held
