Again a day of high turnover on the TSX last night (14m shares)...

Again a day of high turnover on the TSX last night (14m shares) and TGZ rose almost 5% to 65 cents on no news as far as I can tell.

Anybody knows what is happening?

MDL has already exited TGZ, and I would have thought their selldown would be a negative for the share price.

TGZ has yet to announce that it has finalised the takeover of the OJVG.

Is TGZ itself being stalked for a takeover or is this just part of the rise of the GDXJ even though the USD POG is doing nothing? People who sold for tax loss purposes are buying back their shares in junior goldies, while some fundies are rebalancing their goldie holdings. This movement in the GDXJ, GDX, HUI can not last too much longer unless the POG does something nice.

I suppose the fact that if the deal gets done then TGZ will be a low cost producer with almost no borrowngs makes this company one of the more attractive propositions among the junior producers.

loki (I suppose when the USD POG finally heads down below USD1100 all the goldies will be double their current price.)