Offer for Ventana worth 1.2 Billion from Brazillian Billionaire Eike Batista (who already owns 20% of Ventanna)

Shares hit a high of $14.13 and over 22 Million shares traded today!

Here's a clip from a news release:

Mr. Batista’s move could prove well timed, as gold prices sit near record levels. In the mining world, Colombia is quickly becoming the rising star, and Ventana operates next to Greystar Resources Ltd., which has substantial proven resources.

For that reason, Mr. Fowler thinks Mr. Batista’s offer may not be high enough. Gold companies are paying prices in excess of $500 (U.S.) per resource ounce to acquire high-quality assets, he noted, while EBX’s offer works out to about $370 an ounce.

The Math works out pretty close:

3.5 Million OZ X $370/OZ = approx the $1.2 Billion offer, then divided by the 111 Million fully dilutes shares = the $12/share offer (approx)

Can you all imagine when it's our turn?

I'm hoping the decimal point might move over one?

Looking forward to the future, and meeting so many of you at the AGM next week!