Thumbs up for me regarding this merger.Had PVM raised the odd...

Thumbs up for me regarding this merger.

Had PVM raised the odd ~250mil needed to fund their project, what price can they expect to get, at best the current sp (~80c) right. Or they could have gone until debt, maybe in unfavourable terms...

However by merging we get the cash and the gold.
From the view of PVM taking over Keegan, isnt now the best time to take over gold companies because they are at an all time low. Furthermore the take over is occuring without having to pay a premium.