It's a merger only,
No cash to change hands.
2 gold producers become 1, few changes at the office, incorporate a few synergy's, charge on.
Will it be better or worse, MZ seems to be able to make things work, so my guess is they will continue to drill and expand and probably look for local pits to toll treat as they have in the past.
They will definitely be a larger producer, possibly more profitable.
Karora has $38mil MQG debt, so not taking on anything compromising.
Ann: Response to press speculation, page-30
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