Re: Gold Corp in a buying mood..
in response to
by
posted on
Jul 31, 2008 05:53AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Rico..
Reading between the lines,Rico,we allready know that KXL management have been approached by some majors...If Gold corp offered KXL management a lousey bill and a half for the Golden Mile,they were probably told,thanks..but when you have a serious offer,come back..!!
So KXL have allready turned down Gold COrp so they have gone with what ever they could get for the money...allready owning a big chunk of the company that they bought..
So Gold Corp probably dosen't have enough cash now to buy KXL...
Watch the majors and you will soon see the process of elimination for the majors spreding the cash around..
I think Barrick,which hasn't spent the billions of cash that they have in the kitty,may be the suiter for KXL...the others are too small..even an off shore Chinese company is a possibility..
The lucky winner that gets us is going to pay a lot more than a bill and a half..You can take that to the bank..
Portee.