On Investments

• Premier Gold (PG; C$2.82) is being acquired. The merger should close early next month. There is an 8% arbitrage upside in owning PG. While this upside might not look much at first glance, on an annualized basis, assuming the deal closes on 10th April, the upside is 1,200%.
• Gold Mountain (GMTN; C$1.20): I wrote about it a couple of weeks back. I would look for weakness in GMTN to accumulate more, but linked here is a talk I recently had with Cory Fleck.
• Austar Gold (AUL; A$0.335) is being acquired. There is a 30% arbitrage upside. Apart from a couple of good projects, the merged entity will have Dr. Quinton Hennigh as an advisor.
• Maritime Resources (MAE; C$0.14) is yet to close its financing. It offers very low risk for high reward. Thirty-two million warrants with an exercise price of C$0.15 expire on 17th April—so there is no need to chase it.

Jayant Bhandari

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