Good day Bru4orr,

We have gold moving in the right direction today, up currently $19 to $828 at 7:30AM EST. IF gold continues upward short term, it will certainly put pressure on top tier producers to place their bets. CEO's will want to snap-up these bargains before valuations recover. While always a possibility, I believe the relatively strong cash position of GUY may guard against acceptance of a near term low-ball offer. While still grossly undervalued, a 30% premium over the 200 day MA ($3.81) would translate to a $4.95 offer. Sustained SP appreciation to the $6 level would still only garner a $7.80 offer with the 30% premium. That would equate to the year-to-date high of $7.76 reached 01/14/08. Recovery of the credit markets will help bolster any offers and attract competitive bids...

I agree with your assessment that management are compiling a portfolio of properties to attract greater interest. Guyana is viewed as politically stable (or at least as stable as any government can be in South America) and unlike neighboring Venezuela, is relatively "mining friendly." The geology of the Guiana Shield harbors vast potential and offers great opportunity. I also own shares in Sacre-Coeur Minerals (V.SCM) which holds the Million Mountain property in the lower Puruni region that surrounds the Peters Mine. Again, they offer a relatively strong cash position with attractive properties. Yesterday, on higher than normal volume, the SP spiked over 100% before settling to close up 50% at $0.435. Could be a deal brewing, IMHO...

Have a great day and good trading!

Joe