Hi SheepwashThere are a number of strategies that can be...

Hi Sheepwash

There are a number of strategies that can be utilised in trying to avoid a hostile takeover

They are explained here:

http://en.wikipedia.org/wiki/Takeover

The techniques include the following although some don't apply so well for a junior mining company

Back-end

Bankmail

Crown Jewel Defense

Flip-in

Flip-over

Golden Parachute

Gray Knight

Greenmail

Jonestown Defense

Killer bees

Leveraged recapitalization

Lobster trap

Lock-up provision

Macaroni Defense

Nancy Reagan Defense

Non-voting stock

Pac-Man Defense

Pension parachute

People Pill

Poison pill

Poison Put

Safe Harbor

Scorched earth defense

Shark Repellent

Staggered board of directors

Standstill agreement

Fredo Foil

Suicide pill

Targeted repurchase

Top-ups

Treasury stock

Trigger

Voting plans

White knight

Can't say that I understand them all, but they make for interesting reading. As fas as I am concerned what needs to be done is to get the share price looking respectable and to stop it from looking so ridiculously cheap (a white night buying on market wouldn't go astray) and to liaise with shareholders at every opportunity to keep them in the loop. Loyal shareholders provide a great defense.I would also like to see Directors leading by example and buying shares on market. That would help to send the right message as well. A share purchase plan at much higher levels would also help to raise funds without too much dilution and keep stock within the family.

Cheers
Nev