Do you really think GF will take CQT on thier ride if they hit a...

Do you really think GF will take CQT on thier ride if they hit a big pot of gold. Your dreaming if you think thats going to happen. Ive said it before, regardless of the sp, shareholders still have to approve the offer and anything less than $1.50 will not be accepted. You will need to pay a portion of the NPV of MC and that, with the increasing gold price, is around 300mill (once measured). This doesnt include any further discoveries and sky rocketing gold price.

I think we have easily a 5bill resource but unfortunately CQT is not going to see any of that because GF has their finger in the pie and they only need to make a small move to insure they take the front seat. They already own 9.8% so a takeover from another company will be imposible if GF increase their stake over 10%.

Alot of shareholders will sell out to GF at the dollar mark but the last few shares will go over the $1.50 mark. Just remember GF is drilling 25K metres in the next 6 months and CQT 20K metres. This will increase the ore body and will probably show that the anomoly and MC are one.

As time goes buy GF is risking paying more and more for CQT. Once they are convinced there is something in the anomoly they will make a move. Its a no brainer.