Hello Boysy1 I don't think either company are shooting the lights out but together could be a much leaner cost effective unit. Less money spent on production, technical teams and exploration budgets, focus on creating value.
I think both companies are undervalued and yes there is a risk with one producing asset but a second asset which NIDO potentiall has in WL derisks that and the cash OEL are generating means a substantial portion could be paid for from cash flow.
If managed properly no one should lose but prosper, any CEO worth there salt would see this as a good thing on there CV.
As far as a script ratio goes, do the sums on market cap versus no of shares.
NDO Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
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