As far as a hostile takeover bid goes, my thoughts:

In musing about that., I was thinking why doesn't the company split off their other holdings from Rattlesnake? If EVG gets bought out, hostile or otherwise, then these guys are out of a job at the same time we lose the other properties(and the cash). If they formed another company, merged or bought an existing shell, they could put some of their money into it and the other properties would be on their own. Wouldn't that be beneficial to the company and shareholders long term value and tax wise? I'm no accountant but it would seem to be beneficial. This way, they can sell Rattlesnake and keep on with the exploration in the other properties. I think the tax basis of only a Rattlesnake sale would be less in that scenario....Unless selling everything and being free is what the plan is....Just a long term question...I'd be curious of other takes on this....I thought of writing this to management but I didn't want to be presumptuous.....
Thanks