MAO...more to come?

Targeting multi-million high-grade oz. in Quebec

Windfall Lake Property, located near Val d'Or, Quebec: Indicated 538,000 oz. (10.05 gpt) / Inferred 822,000 oz. (8.76 gpt) (July 2012)

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alteridem

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MAO...more to come?

posted on Dec 19, 2012 11:08AM

So reading the latest EAG nr, Brad says"Our goal is to continue to control our majority ownership in the Windfall Lake Property"...In other terms...NO to the MAO offer...right?

The next day, MAO closes a secured debt financing for $3.25 million from Rex and his merry band of pals.

Suspect we will see a hostile bid from the Rex camp shortly(ie...direct to shareholders rather than friendly combination offer to EAG). That should trigger bids from the others that have been sniffing around.

Been on the buy side this week. IMO, EAG is very much in play and I'm looking for 0.25-0.30 as an eventual sell price

All just my opinions, Do yer own DD and place yer bets.

cheers

a_i

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