Really, I think that the company is worth more than $20 for sure, but that its still early in the companies life and getting a discount is not out of hand. Of course, my idea of a "discounted" price for NG is $22.50.
If Barrick offers that or more, then I will take them seriously. Until then, its just BS, like all the BS spewed by the pump2dumpers that have been swarming all over this board lately.
At this point, however, the offer is expired.
The witch is dead.
Any new offer would trigger the shareholders rights plan.