That scheme sounds like the Mo, Larry and Curley and Shemp show to me. 5 years Undergrad hey, may be a slow learner to cap it off. Well let them live their dreams is all i say.
Ni price rising even the leaky boats at present.
So what would the merits of a merger with POS be?? You would get some property plant and equipment. But SIR is buying new and reliable, so not much merit in that.
To bolt on reserves and resources? POS grades are not fantastic, and underground and remnant mining don't fill me with joy.
I can't see any infrastructure or exploration synergies.
Certainly not for the POS balance sheet (almost out of doe is my read).
So that David Singleton can run MergCo........ lol.... (just teasing ya).
Because POS is cheap? Because POS is low risk? Because POS would be lower quartile cash operating costs? Nope, Nyet, No, are you kiddin me!
But i may be wrong, have been many time before. PS that AUQ thread makes an interesting and emotional read every now and then too.
SIR Price at posting:
$3.00 Sentiment: Hold Disclosure: Not Held