Luxor Bids For Crocodile Gold

Having someone bid for an undervalued gold company without much success in the markets such as GBN.V is about to get underway at Crocodile Gold. So its not such a far fetched idea that someone is going to take over the La Ronge Gold project for well under its fair value.

Shareholders in GBN.V should be reminded that Resolute Funds took on a largish position and then sold the bulk almost immediately, some 20m. shares and are left over with 9m. shares. They are also a big holder in Crocodile Gold.

Crocodile Gold responds to Luxor bid

Owners of Crocodile Gold

http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=CRK:TOR

Owners of GBN.V

http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=GBN:CVE

Resignation Of Another Also-Ran

Gary Haywood resigned yesterday, signalling what might be the influence of the old boys' network running GBN.V He had by far the most options assigned to him, so my guess is that his resignation is like that of Frank Hrdy. While he was working as COO, he saw the glass ceiling for promotion and decided to switch horses, jumping from one Nag to another.

Frank Hrdy took up a position at Silvercorp, the short seller's dream. But he also revealed that bulk sampling took place at the Bingo Deposit to the business press. when it was never reported to shareholders, and the results withheld. So I would say that Haywood will have a few things to reveal since he's not an employee any longer.

-F6