BMM NGF merger will not go through, expect a larger bid to come through from another company.
NGF shareholers must have rocks in their heads if they think BMM shareholders all be that 90% of them will vote in favor.
Let me tell you all, BMM will not be given away.
One other point, you see NGF HAVE $34.5m in the bank, how about the convertible notes attached to that, before expiry of the convertible notes, there will be roughly $34.5m worth of shares being issued at almost half the current price.
So $34.5m currently in the bank is not so true, it is no more than a time bomb type loan from the issue of convertible notes that will turn into shares at bargain basement prices.
NGF will do a Croesus in my opinion expect Gold prices to go lower before they go higher.
THE BMM MERGER WILL NOT AND SHOULD NOT GO AHEAD, THERE IS NO VALUE FOR BMM SHAREHOLDERS.
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