I think you are being a bit myopic in your comments.  

 

Their Cosmo Kramer mine is coming on prod in 2012 .... they indicate cash cost of about $600/oz and looks like 75,000 oz per yr.  The Luxor dudes are being opportunistic in trying to take control at a time where the SP is in the shytter , the company has a ton of cash in the bank and they are on the cusp of making the company a decent little miner with the new Cosmo mine coming on stream imminently.  It looks to me that a competing bid is likely ... they have a huge land base in a decent country for doing bizz and mining infrastructure in place ... this is not a one trick pony sm cap exploration firm. They have prod and operating mines.  So if nobody steps up ... well there is a 56 cent offer on the table ...Once again, seems like a pretty decent risk to me.  Also, with gold out of favour and the state of the world economy ... I like the idea of having ONE iron in the gold fire .... I am not a gold bug ... I am not betting a lot of coin ....