Simon, you wrote:"(KZL bought their way into GGY and now own a...

Simon, you wrote:

"(KZL bought their way into GGY and now own a substantial 20%.
At first most of us were pleased with the arrival of this weighty shareholder, who was thought to be a likely help when it came down to develping GGY's assets.
What a drag this turns out to be. All KZL is apparently interested in is aquiring a GGY crown jewel. Chances are they sell off there GGY holdings after they got what they want.)"

One can only agree with you here, on what you have said. KZL has only bought in because they knew what they were getting, nothing else.

"(I say no to this sale. GGY does not really need this money, because there are ample funds to execute its exploration program and this particular asset is only likely to rise in price over time.)"

Again Simon, I have to agree with you here. GGY should have pursued it's own plans of exploration and, if they wanted to start mining, like they said all along, and they thought they didn't have the expertize nor the resources to go it alone, they should have got into a Joint Venture. NOT SEELING THE WHOLE PROJECT FOR A SONG!! That would have to be the weakest way out of a problem.
IT IS A NO TO THE SALE FOR ME TOO!!!

"(Plus there is a far better way where both parties get what they are after and shareholders of both GGY and KZL fare for the better.
If KZL were to aquire the whole of GGY by means of a share swop, and I leave it to the experts of what a reasonable rate of exchange would be, I am however thinking of something equivalent to a GGY SP of around 12-15 cts then GGY shareholders find themselves into a good producing company, KZL can keep its money in the bank, our man James could find himself on the board. In short: Everybody happy.
Meanwhile I am a bit surprised no one else has come up with this what I call scenario atractivus. Rgds.)"

Again I agree with you. Some time ago, I have also stated that KZL, should have bought us all out, not doing what they did, and put us all out of our misery. But, for them, it is business as usual and, if they can screw someone out of a deal, why shouldn't they. You can't blame them.

Hence, why we have Company Directors, whose jobs is to protect shareholder's interests and create shareholder's wealth.

What has occurred here instead, after all of the promises we have been given by the Management, is nothing short than disgusting.

My thoughts!!!!!

Buddy