Will be interesting to see how this plays (and pays) out.

The way I read this offer to buy a controlling interest in Crocodile Gold it is paying less than $32/oz of proven and inferred gold in the ground on only 1 of their properties and giving nothing for the rest.

http://www.prnewswire.com/news-releases/luxor-capital-announces-premium-offer-to-purchase-common-shares-of-crocodile-gold-135545133.html

Crocodile Gold Corp. (Crocodile Gold) is engaged in the acquisition, exploration, development and operation of a group of gold properties in the Northern Territory of Australia (Northern Territory Gold Properties). The Northern Territory Gold Properties comprises an area of approximately 2,700 square kilometers and are located approximately 90 to 285 kilometers south of Northern Territory capital city, Darwin, and include the Burnside Project, Union Reef’s Project and the Pine Creek Project. The Northern Territory Gold Properties contain 3.4 million ounces of NI 43-101 compliant measured and indicated resources and 2.1 million ounces of inferred resources. The Burnside Project includes the Brocks Creek underground mine and several additional deposits along the Cosmo corridor, including the undeveloped Cosmo underground deposit and the Howley Trend open pit deposits. The Pine Creek Project includes International, Kohinoor, Enterprise, Czarina and other deposits.

Source Google Finance