It's very likely that they are in control and that's revealed by them NOT pushing. They are asking a steep price and bending over backwards to accomodate the people who need serious to do DD. They also do not want to damage their own reputations because they want to be seen as good to work with.

All the talk about mid size companies forming out of the crumbs of the majors is a reality. Due to the wipe out of the TSX.v we will see fund managers equity backing mid size plays. This is the only way out of the mess. Banks are not good at speculating and their silly notion of taking it over will fail and fail bad. What makes them think they can do a better job than what was done in the USA? (We got Az real real cheap).

Elmer needs to be prepared to become a corporation builder. I think times will force him down this road whether he likes it or not. I'm not so sure a complete sell out is good in the longer term. That's why I keep saying that we are better off building a mine. Ok, perhaps sell this on but go build Az into a mine. It'll be cheaper and faster there. (smaller and different process).

I do not see EE continuing to back exploration beyond CUU and what he currently owns. I think he will also begin to move into the equity holdings thinking. If he's going to be the major funder he's going to want controls similar to what he has here. As the major funder he's going to have to pare down what he owns so he can meet funding obligations fully. The days of exploration with public money are over.