I thought I would post this example of another one of my junior holdings, as it looks like the junior resource sector has finally started to pick up some steam. The long-awaited Pac Man theory that Puplava and Eric King have often spoke about is becoming a reality.

Aquiline Resources, today received an offer to be bought out by Pan American Silver. The purchase price will be an equivilent amount of Pan American Silver stock equal to roughly $7.25 today. For reference, Aquiline traded at $1.50 just three months ago, and as low as the 70 cent range back in the fall crash last year. I bought all throughout the crash and subsequent consolidation phase, as I have with Kimber.

Here is the press release:

http://www.reuters.com/article/marketsNews/idAFN1423671320091014?rpc=44

I bring up this example because it could be a similar type of transaction that we see in Kimber in the next few years. Hopefully Kimber will hold out for higher gold prices, but the point is this could be the type of consolidation we see in the industry going forward.

A final note is that I notice Kimber's share price seems to have tentatively nudged itself out of the yearlong trading range between 45 and 75 cents. It was when Aquiline broke out of a nearly 9-month consolidation about 3 months ago that it really began to take off. We could be close to a similar breakout here with Kimber.

Hysteria