My understanding (based primarily on discussion with Citigold's...

My understanding (based primarily on discussion with Citigold's Chris Towsey) is that the intention of the takeover bid is not to completely swallow up GML, but rather to have a significant influence on GML board. The reason is apparently/allegedly so that GML can explore Citigold's rather large unexplored tenements adjacent Charters Towers (i guess under some sort of JV). This is a more cost-effective option compared to employing geologists, etc and raising additional money. Citigold can then focus on expanding the production (as continually promised).

Although the above seems a reasonably plausible arguement, I do have a feeling of unease regarding the take over bid. Surely, with so much doubt/angst/anger and pessimism towards Citigold, a met production target would instill some confidence and send the SP much higher, and thus making a successful take over bid a much more likely proposition (as we all know).

Best of luck to long suffering shareholders. Based on history though don't hold your breath on the Sep Quarter production figures, I know I'm not!

Cheers,
Ben

DYOR