summary of srb, page-3

Thanks Dynofish.

I think SRB may have been moving down as a result of holders from before the merger. It is a very low volume stock (as is MSX) and it is easy for buyers just to wait for the sellers to get impatient. There has been nothing to note in terms of major news for a while either which wouldn't help.

Given that SRB has the holding in MSX, it is probable that MSX would come under the SRB umbrella after a merger. The dual listing is important here as well (are MSX listed anywhere else?). I would imagine some premium for MSX holders in the event of a merger. The real growth would probably come in the longer term though through size and economies of scale. That is probably why they are looking at the merger.

I would like to see a post merger options issue on similar terms to the MSX options. That is just speculation though but it would be a nice reward for holders and give an easy fundraising in the future.

Also very keen to see if they can agree on merger terms... the assets and breadth of resources would be mind boggling if they pulled it off!