takeover

0609 GMT [Dow Jones] Bolnisi Gold (BSG.AU) trading halt most likely relates to takeover
bid from large North American gold miner, according to two analysts contacted. Stock
Resource analyst Steve Bartrop says Bolnisi's Palmerejo project in Mexico is a
quality asset that would be of interest to the likes of Barrick Gold, Newmont, NovaGold
and GoldCorp. "It would not surprise us to see the emergence of a bid for Bolnisi
from one of those companies." Another analyst, who declined to be named, says
Bolnisi has received a takeover bid. Bolnisi Gold not immediately available for comment.
BSG last A$3.30, up 7.5%. (DWR)

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