take over risk, page-7

Novac,

14m shares at 27c is a bargain. As you know, @ 27 cents, the market cap will be $34M after the placement for what previous drilling estimated to be 10 million ounces or $14 billion dollars worth of metal.

It is mind boggling really, if the 10 million ounces is accurate.

We are all in the dark about what is happening and why.
It appears GAU are interested in JV with SLV or getting taken over. Maybe GAU is dangling a carrot?

I held some GAU and sold 60% of my UMC after the announcement and put most of the UMC profits into more GAU.

As a relative newbie, I hold 150K GAU, which is alot for me and I will just hanging in quietly for the ride (like UMC!).

As we know, GAU is a non-brainer.

We were patient with UMC and rode the ups and downs.