BGF would be trading higher than 26c had it secured the debt...

BGF would be trading higher than 26c had it secured the debt funding from RBC rather than involved LHG. It appears two independant parties agreed BGF had serious reserves, hence RBC's willingness to supply debt funding and LHG's desire to buy the company. I assume they know more about gold mining than most of us. The final leg down to sub-20c was on the back of the market expecting a placement to fund the new mine. With this not happening and independant confirmation of the mine's value, the shorts would be covering and new blood buying. Now it appears the fortunes of the LHG stock price are more important. LHG wisely bought in near the lows and could have bought any junior. Are they really that stupid?!