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DRM combination with MYG, page-2

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Nutbar

1,069 Posts.

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22/10/14

11:04

Post #: 14161610
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Originally posted by nordesmic ↑

Thought I'd start a new thread for this since it appears clear now that DRM is making a move on MYG.

My first thought is that this seems to be a good move by Doray. Picking up a decent project that looks similar to Andy Well near the bottom of the market (hopefully).

Doray's obvious weakness was lack of reserves and this transaction appears to solve that problem. The strength of DRM is management and project development, things that I believe MYG has struggled with.

Interesting to see how they pitch the offer. Corporate combination suggests script offer.

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How good is it for MYG holders.

Will the deal result in MYG holders receiving 5 cents, 7 cents or 9 cents per share.

I have no idea or past experience in these types of deals

Any opinions ?

DRM Price at posting: 48.0¢ Sentiment: None Disclosure: Unspecified

MYG Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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DRM combination with MYG, page-2

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