No i cannot confirm whether GXY holds TAW shares or not, but it doesnt matter as that is not any indication of a takeover as some suggests. GXY also holds LPD, and for a while too, but they have not been taken over yet. If we need to expand hardrock locally, i would see Trakka as a better deal, lower marketcap, already JV with Mt Cattlin Northern tennements. I see the pump and dumpers have just revived the idea over at TAW forum today.....so heres ur chance to exit if indeed u bought on the hope of a takeover. But i highly doubt from 24c to $17!? Where did u get that figure from?
Anyways we are to expect confirmation of a bid in early Novemeber for developement of SDV, so no chance of sparing any cash for takeovers anytime soon. We got much better assets to develope before a takeover is needed. We also have addition local hardrock tennements around Mt Cattlin to exploit, if mining juristiction is your worry
GXY Price at posting:
$2.36 Sentiment: Buy Disclosure: Held