Mustang LTD Edition Bullet/or Holden Gemini, page-3

The lack of depth in the EXU market is a bad sign for the RMS TO as the arbitrage trade looks like it isn’t going anywhere.

The reality is that sentiment in the speculative gold/development and junior to mid-Tier producer space is very low at the moment and trying to blame the directors for poor share price performance is a facile argument.

The reason prices aren’t rising is because investors are just not stepping up to the plate, they just aren’t there. So if anyone is looking for someone to blame if they are holding these stocks at higher levels they need only look in the mirror. It’s not the fault of the directors who essentially have been doing everything right, making the discoveries, putting the resources together, doing the mining studies etc etc, it’s the fault of the market itself. That’s markets for you, sometimes they boom and sometimes they don’t. You need to bring something very special in a gold market like this to start seeing any bang happening with share prices.

So then one company sees value in another company and decides to launch a TO and both sets of shareholders don’t see eye to eye. Well that is simply a consequence of differing expectations and the bid should soon start revealing whose expectations are running too high. Esh