Pat- it is a very valid question. That is why several people here are encouraging people to be reasonable in their expectations. Value is established when a buyer and seller agree on a price. Market value is established when multiple buyers and sellers trade at a price. That said, I doubt there would be any lasting negative impact unless gold were to tank.

There is still a significant resource here and there are several alternative scenario's that can be explored. WTG is trying to build a company. They need to make this deal work and right now the market is telling them your subject's shareholders are going to vote "NO".

They need to make this deal more palletable. If they walk and the sp drops they have a lot more real value to lose at CMM then they ever do at WTG. This offer will be repackaged so the market believes the valuation and shareholders can endorse the deal. WTG doesn't have the cash for an all cash deal but they can get closer to a merged value by upping the ante. I think we'll see that soon, as right at this moment the deal is evaporating before thier eyes.

.....carry