The perfect combination, page-13

Guys I have seen the highs & lows of MYG & was also looking to finance when gold was around A$1750.
It was poorly handled by JG in particular, but also their advisors.
As a bank it was so difficult to get a straight answer from anyone & CS had it stitched up & it was them who pulled the plug.

Either way that is the past & yes its what happened by JG & the previous management.
However this deal can only be judged on what the situation is today, not what might have been.
Unless gold rallies substantially this mine isn't getting off the ground, short & simple.
You can but any gold company, probably one in production if you just want exposure to the gold price & this is what this deal brings. Its always hard when you have baggage relating to a stock but the deal needs to be assessed on where the current market is not where it once was.
Are DRM being opportunistic? Yes, but they are also paying a healthy premium for the privilege & that premium goes directly into the hands of MYG share holders.

On another note I sold out yesterday on the bounce, mainly due to the Fed decision looming & suspected gold might get thumped. As such bought in again this morning.
Anywhere around 40c & I think this stock is a bargain.