Devils advocate:

- the price can't be allowed to run too far because more PPs will be issued so that NED and crew can increase their percentage ownership of the company (assuming that the PP will once again be bought out before it is available to the small investor).

- this also allows time for more drilling to prove up more resources so that when the buyout offer comes, the price will be justifiably all that much higher.

- The 43-101 will keep getting delayed as that gives them an excuse to say no to the first offer. "We need to update our 43-101 before we respond to your offer. We need to ensure the shareholders are getting full value from any offer".

- the longer scaled up production can be put off so much the better. The majors never let a rich asset start producing more than 100,000 ounces a year before they make their move on the take over. Producing over 100,000 ounces a year would trigger the majors into making an offer.

Just got that feeling that I am being played and it's hard to shake. I hope none of this is true.

JFF7