Facts:
CREC's mandate to increase the gold reserves.
Gold market in an uptrend.
LC is a very rich deposit
VZ needs Chinese money.
VZ's good relationship with China.
Speculation:
CREC will not let go an opportunity to mine LC.
Small possibility to get the MOC restructured to JV Company, CREC/KRY and let the deal proceed.
Unlikely that VZ will let CREC mine LC without letting CREC take care of KRY. It is good to have a price tag of 3.8B$.
Buying may have started already...with close to 70M shares over the past 2 weeks and we are going to find out real soon. I truly hope that it is not less than 2B$ range after all these years of twists and turns. It has been a good fall to find out where we stand.
The Best to my fellow shareholders that we get to celebrate soon.