I certainly think its a good deal for MYG, although a little less attractive due to the sell off of DRM yesterday.
Either way, if the deal falls through MYG tanks back below 3c imo. And as the market didn't like the deal DRM would probably rally. I would say the deal will go ahead & yesterday priced that in.
Once the market gets its head around that DRM is likely to reasonably quickly become a much bigger producer they will be re-rated.
In regards the board of MYG, of course it stays in tact until the takeover is complete.
Its a scrip takeover & once its done the MYG board resigns.
The current MYG Chairman becomes a non-exec director of DRM.
GLTA
MYG Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
DRM Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held