Re: luckylou: Merger etc.
in response to
by
posted on
Jun 24, 2010 10:57AM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
I'm like you in that I weigh both sides of this everyday. I would like to see some action on behalf the two BOD'S pushing the merits of the amalgamation.
Even if the valuation didn't come in much higher than the current share price it would not be a stretch to see value in the merger.
But for this merger to work we can't have a huge disparity in the share prices. I would like them both over 20 cents. This would give the market positive energy on which to build some momentum and purpose.
So with all the highly regarded help on board I'm hopeful of a joint news conference or a joint news release. Hearing these two men speak with some conviction on the merits of a business combination would do a great deal to firm up support.
Doing nothing at this point is a risky wager and could result in 2 or 3 % of the float being picked away on a daily basis before the meeting. Another danger is that KWG could slide a few cents and Cliffs would up the bid for Spider making any response from KWG near impossible.
I would much prefer action as opposed to reaction.
My own opinion only, still hanging in there.
A