Interesting points, RES.... and it illustrates the importance of having added the Shareholder Rights plan at the last AGM. That plan might not totally prevent a takeover of WEL, but it sure would help WEL shareholders to achieve the best possible value for their shares in case any attempt at a takeover was made.

Nevertheless, I cannot see that San Gold is interested in taking out WEL. They have more than enough on their plate already, and have other lands closer to their own doorstep that would seem to be more attractive takeover targets due to their proximity, IMO. The fact that Hugh Wynne sold his interests to Cougar shows his lack of interest in acquiring more property.

As far as Strikepoint is concerned, I could see that they might have an interest in acquiring a larger interest in the Poundmaker. If so, it is more likely, in my opinion, that they would be better served by making a change in their arrangement with Wildcat where they could buy that property or option it to a greater extent. I think they will want to keep their focus on the gold properties at Bissett, especially those right adjacent to the Strikepoint JV, rather than adding all of the other Wildcat properties to their portfolio as well.

JMHO.

NL