high grade drill results 4m@34g/t, page-15

Disco Stu,

I for one would not argue with you that PVM has better management than GRY.

Both stocks are cheap, both stocks do not seem to be able to develop their resources in the current market (Partly because both initially wanted to build large scale projects, when if they had wanted to, they could have scaled them back earlier.

Disco - Which management in your opinion would fall on their sword and merge with the other to enable one larger company to actually build a mine?

My bet sadly is that GRY would be too arrogant, but I think, for example, if PVM offered a no-premium merger, the majority of GRY holders would go for it (and ignore the wishes of current management). At least that's how I think it would go down.

I am very much surprised at the total lack of corporate action in the small to mid cap gold sector! They are dying in droves! How arrogant can all the differing company's managements be to not to the the best thing for shareholders and to amalgamate their company so as to ensure their survival and stop the massive dilution that is happening as we speak.

If GRY and PVM merged, they would have $150 million in cash with 2 excellent projects, so no need to look for more projects for 10 years plus. The other $100-150 million (depending on which project was chosen to develop) could be raised from debt with a hedge (even at current prices, either GRY or PVMs projects are very much viable).
Especially so if prices of equipment &wages come down a little etc.

Even companies like PRU, EVR, RSG should be looking at merging some of the mid tier explorers if I can call them that. They have cash.... they have the projects... EVR,RSG, PRU have the revenue and ability to explore and produce.

At a guess, as I have said, I think GRY is in play, their gold resource and reserve is worth almost nothing, its almost ready to be built... I guess the same could be said for PVM (but I don't know enough about them).

TRY and AZH made a bold move a month ago and merged. I can only hope that other companies managers start doing the right thing for shareholders and not just focus on keeping their jobs... I know... high and perhaps unrealistic hopes...