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"Friendly aquisition" of Prodigy Gold (Oct. 2012) / > 100k ounces in 2012

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Message: Auguries - October 12, 2012

Checking in ... sold about 2/3 of PDG at a buck, holding the rest for now. It seems about a third of PDG float has traded in the past 3 days. not sure if some institutions dumped. It would make sense that if they held AR and PDG that selling some would make sense from a risk management perspective. There's probably also some traders who probably have flipped for a penny or two with the volume that's been going through.

so far it seems that PDg is trading at about 3-4 cents below "merger value" so any shares bought or traded over the next few months will do better on the PDG side IMO.

Magino is a good project and can add a lot of value with less risk to a company that's already producing. IMO

cheers

Tib

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