I have been thinking about this deal with Mintails and it...

I have been thinking about this deal with Mintails and it appears to be a lot better deal than I first thought. Firstly, but I might be wrong, the company raised 15 Million dollars on listing at 20 cents per share which resulted in 160 Million issued shares. Once this deal is done with Mintails the issued shares will be about 88 Million shares which means that really this stock should be worth around 35 cents. Sure they are behind with their original plans but the plus of having Mintails and DRD removed from the books cannot be underestimated. Also the conceptional target of gold and uranium is still there. Also they intend to start drilling the two deep targets for uranium which according to previous announcements includes lots of gold. If all goes in our favour with these two targets alone, West Wits could find themselves with a resource statement of over 1 Million ounces of gold and maybe over 10 Million pounds of uranium in a very short period of time. Once this deal is passed with Mintails the current market cap is only about 5 million dollars. Noting also the directors have Options I dont think they would be too interested in dilution of the current shares on issue. Also if they find more surface gold they can sell this to Mintails and raise further funds without a capital raising. I just sense something very positive about this stock.