Why is this announcement important?
Because it demonstrates how undervalued some of the senior gold producers are, and in turn, it is bound to increase "buy out" interest in certain junior gold exploration companies that are nearing production -- companies like Victoria Gold. Another reason why this announcement is important is that it supports the fact that most senior gold producing companies actual annual gold production is falling - they simply are not finding enough gold to replace their existing reserves - therefore, the only way for them to replace those reserves is through acquisitions.
Here is the link to the acquisition bid for Lihr - stock is up over $8 per share pre market opening.
