high level resources at hill end, page-6

A takeover - that's what I like GSL, a different point of view but I think you're dreaming.....

First of all, I doubt very much if there will be a takeover - not with 10 parties holding over 50%. They (like us) have not been waiting all these years to sell out at only $1.25!

But IF there was a takeover bid, I would think it would come from one of the gold mining companies - rather than from an investment company.

As I see things, HEG is doing a lot of ground-work at the moment (Plotting out exactly where the gold is in Reward & the in-depth exploration drilling at Hargraves). This could be a very smart move waiting for the big GP increase before going into full-scale production or it could be preparing the mine for a nice takeover bid - or something else, of course.

At this point there has been very little mention of a bigger plant or changing from "contract mining" to HEG-mining, so its anyone's guess.

I for one would be disappointed if there was a takeover - especially if HEG goes on to become one of the top 5 gold producers in Australia!