LOL if the merge ever goes ahead - post merge there will be 2,400,000,000 shares on issue (2.4 BILLION) sure they would have 30 million in cash but why not go it alone instead of adding another 1.5 billion to the already swelling issued capital of 800 million
they should go and get financing if the DFS is so good
the merge will just screw the shareholders....i vote NO
then there is the Hedging that will be required and the total capital cost of USD $170 MILLION This is a very dangerous play and one i would stay away from fellas....word of warning MMM
URL Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held