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Message: Re: San Gold Corporation Decreases Bought Deal Offering to $80 Million

I can't imagine any reason for the reduction of the financing so quickly after announcing it, other than an offer from a major to take a piece of the company. Most likely not too big a piece, however a foot in the door in order to get some real access to the books. In the case of Golden Eagle, I believe AEM called it a strategic investment that ultimately forced Goldcorp's hand. AEM was at a big disadvantage because of G's proximity to the find and ultimately had to walk away selling their shares to G for a nice profit. I cannot think of any other reason that would not be construed as a little bush.

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Jul 15, 2010 01:50PM

Jul 15, 2010 02:05PM
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Jul 15, 2010 02:57PM
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Jul 15, 2010 03:42PM
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