While I agree with you that a merger is possibly the better situation for CSD/SPM, I'm curious to know why you chose the arbitrary figure of 50% in your post. Why not 10%? Why not %100?
I would also have to disagree with your statement that $15 million cash to CSD from SPI would not change the share price. The main criticism of CSD from people that I have spoken to is that it has no cash, although as we all know here, CSD is clearly funded into the near-term future, where it will then reap the rewards of the base metal production.
Anyway, I guess we will find out soon enough. It is now only 43 days before Christmas, and 19 days left of November. Time is flying.
;-)
CSD = Cashed-up Stannum Deposits
CSD Price at posting:
8.9¢ Sentiment: LT Buy Disclosure: Held