It seems like there is something up as share trading has increasing lately. Is it just positive earning coming out tomorrow or is there something else in the mix?

The bottom line is that if Richmont makes an offering for Louvem's minority ownership, it will most probably be below fair market value. Remember, Richmont sees the current drilling results before releasing them and who is watching them to see if all the results hit the market.

I have been through minority share takeovers before and I can guarantee you that they will always know more than the minority shareholders do on any takeover offerings. Some years back Richmont made a takeover offering for all the shares they didn't own and because some big holders of the shares felt it was too low they never tendered their shares.

Richmont made attempts to buy shares in the marketplace over past years but were never really successful. Richmont's shares have been firm over the past weeks and the Rivards I'm sure have been thinking of doing a stock swap. Since they pulled out of Valentine a takeover may just be a matter of time.