I noticed from Sedar reports that George Bee has 1,000,000 options but the exercise price is $8...seems to me he would want a much higher price than the K offer?

We are talking a lot about Patrick, but there are other board members with a lot of stock and options, guys like Warman who have put a lot of time and energy into the Company. These guys would not just all lay down, that makes NO sense. Bee comes on in the last year KNOWING this is the best undeveloped gold project going. Why would he essentially give up his 1,000,000 options?

This deal, on its own makes NO sense as an approved deal. As a hostile takeover bid it would make perfect sense.

Funds like Sprott KNOW the value of the stock even with a location discount is more than the offer, yet they had to be onside with the offer - as a major shareholder they would have been consulted make no mistake about that.

I agree with those who say this is simply the first volley, a pre-emptive move (to avoid an initial hostile bid perhaps). This is the only way the deal makes any sense. The expected bidding war may also be timed with the new mining law, ARU working hand in hand with the government. What better way to roll out a new investment favorable mining law then to see a bidding war for the prime property in the country. "See, the law works, it attracts Billions in capital".

I expect the final price will be at least double the current one and I do not expect it to be a NA based Company. I look for a SA one or an Asian one to pay top dollar for this resource.

At the end of this deal, I think I can safely say that Patrick Anderson will either be loved or loathed for the move he just made. We shall see...