Hi Spec,
The failed merger was about the large holders not wanting to give Keegan 50% of PMI in exchange for their cash. They felt we were worth more than that. Incidentally the same large holders are shared between PVM and GRY. They will step in if they don't want a transaction to go ahead.
Macquarie, Taurus and Acorn were the vote downs.
Sad to see you get done on close today.
high grade drill results 4m@34g/t, page-27
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