This is a fair deal for GMD, being managed by a smart operator...

This is a fair deal for GMD, being managed by a smart operator in RF, but even smart operators can have off days.

If he can extract an even better deal, then all the better.

However, my intuition (either rightly or wrongly) tells me that someone else has entered the fray (behind the scenes), and triggered more complex discussions.

I think that recent exploration results have also complicated the analysis.

Leonora is a complex location, with plenty of players, some who want merges, and some who want to be left alone .... it's a difficult situation, with many competing alliances and expectations.

The best thing for the region, if ( IF? ) Hoover House is successful, would be for RED to then merge with Hoover House and create a 500,000 ounce gold producer, but what are the chances of this happening. It's logical, but often we see ego's and greed get in the way of logic, because money and profit surpass everything.

Gw