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Gold/Mining/Energy : East Asia Minerals (EAS.V) -- Ignore unavailable to you. Want to Upgrade?

To: zoo york who wrote (626)	4/5/2010 9:21:09 PM
From: ogi	Respond to of 2456

Hi Mike: Sorry I missed you at PDAC. Absolutely it is possible to think of a takeover at this time, I merely would not want it unless it came at a substantial premium and I suspect the acquisitor would come out the better for it if successful. Multiple companies are looking at this already, of that I am sure. Nope I would prefer we establish a bigger resource with more certainty to gain a much higher value than we would get now even with a premium. Because at a 450 mil mkt cap of, as you indicate,a generally very favourable mining scenario it is not excessively valued at this price. We do not have enough metallurgical info though, recoveries could seriously affect the value of the ozs we assume are carefree. I sold 1/2 at 5.40 and I have owned this since on and off since the $1. area, aggressively from the $2 area and once again logic did not apply to trading this stock.!! I have a strong remaining position and will hold it til the Takeover or what I perceive to be EAS's exploration zenith. Unless a takeover is preemptive the exploration speculation is likely to take the share price beyond an eventual takeover price. Cheers, Ogi

To: zoo york who wrote (626)	4/5/2010 10:06:16 PM
From: Wade	Respond to of 2456

Many things can happen. For example, Kinross bought Underworld at very stage of their exploration program. They want to take out the most promising project first before any other companies made up their minds.