“It’s hugely unfortunate that investors view (according to the share price of today) that this appeal represents new life for the bid.
“A couple of things to make clear. One, the bid is dead. We are not entertaining any discussions with, or about, Gold Reserve whatsoever. Two, we were extremely disappointed wth the findings of the court on matters of both fact and law. Accordingly, we have followed through with our public commitment to our shareholders to vigorously defend ourselves. Any success in the appeal will clarify our legal position, but we should be clear; success on this appeal will not trigger the revival of the bid.”
UPDATE: Reuters playing catchup