takeover bid?, page-26

Rowingboat

Thanks for the article.

These articles are often a bit of an advertisement for companies.

I hope it turns out well, and I have no reason to believe it will not.

The best thing about them is that they seem to face a lower tax rate than what is turning out to be the case in west Africa, at least for now. That alone may make them more attractive than many other mid tier goldies.

I noticed the slow progress by CGX on exploration and development and this article just confirms to me that CGX should have been just a trade for me rather than a long term buy. The management talked up the long term prospects at the 2010 Denver Gold Conference and that got me to add to my small holding. Obviously they were just touting for a takeover.

B2G has a highly regarded management team on the basis of their past deal making etc, so it will carry a premium over other comparable companies (a bit like TGZ has despite its past difficulties).

loki