The Revelo deal is problematic. The Revelo shareholder meeting to approve it was supposed to happen early this month. And the deal needs 2/3 shareholder approval.
As I see it, the major problem could be the deal was based on an AGD share price of .30CAD (.31AUD)
As you say, the market could be waIting for the Revelo deal to be finalized. But Revelo directors are probably waiting for the AGD share price to rise to .31AUD. Catch .22. There is no point in putting the agreement signed in December to Revelo shareholders as there is no way 2/3s will go for it.
We do not want AGD to pay more than was agreed on so we wait for an event to spike the share price. Come on, $30 silver.
http://www.reveloresources.com/content/866/RVLNR2020111216.pdf
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