Just my opinion, not ivestment advice.
I just checked sedi, and with options and warrants, insiders have around 7million shares ...far short of 20% given the 65million fully diluted we have out.
So management will have little to know say when we get taken out ...and given how fast the funds jumped ship on ARU for a small premium in this money losing mkt, whats the chance of us fighting off a $4 or so bid here? No poisen pill to protect us. This is why I have continually bitched about management ....keep the drills turning and the news flowing = keeping momentum in the share price = we're not sitting with our ____ in the wind = easy prey for the majors looking at a fire sale as it was put today.
Personally I'm hoping for a hit on one of our new targets... 100+m of 2 grams would be really nice right now. BUT I'll take anything that gets our shares moving in the right direction...
Regards,
Buck