At the MYG AGM TJ made a strong argument in favour of accepting the offer.
The main comment that sticks in my mind is that MYG shareholders can have 33% of 160,000 oz's gold in 2016 (if they accept the offer) or 50% of 80,000 ozs (if they don't). And in 2015 they can have 33% of 80,000 oz's if they accept or 50% of 0 ozs if they don't.
Doray are giving away 33% of their company so they have to build the mine. And if their share price doesn't rerate then someone is going to snap them up as being too cheap.
MM
MYG Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
