Yes, anything can happen. But there may well be a few protective...

Yes, anything can happen. But there may well be a few protective silver lining to the dark clouds gathering in bindwood's mind.
1. If the combined 30% was drip fed to the market and sold off to keep a lid on BDR's sp, then should a low bid come, the 30% significant holding would have been reduced to a lower % holding.
2. As the early bloomers (EVN, NST, SBM, et al) were left unmolested by these big funds, why would they now decide to target a late bloomer?
3. The big funds might decide that it is much less effort and cost to them to just let BDR's sp go much higher and still achieve super returns for their FUM. It's also a more predictable outcome based on peer goldie performances.
4. BDR and TRY decide to merge.
5. Barrick or Nordgold makes a bid for BDR. Barrick is backing Alicanto's tenement in British Guyana with USD10M for 65% tenement, while Nordgold is backing Columbus Gold's tenement in French Guyana with USD30M for 50%. On the surface, looks like Nordgold is a more generous partner. BDR's tenements are also in the Guyana shield.

By the way, seen in light of Barrick's and Nordgold's commitment to invest $Ms in junior miners, it does make sense that SJ went for the $50M capital raising.