awesome deal

SRM has effectively raised over $30m cash at 30c by backing the company into this merger. SRM shareholders remain in control of the shell and we secure the best gold development team the Philippines have ever seen. The cash will allow SRM to develope the Mabilo into a mine and speed the entire process up. We will all get the exposure to the North American market and the funds, investors that enjoyed the sale of their previous asset for $1.1b. This will become a dual listing when all said and done. This is a very smart deal. We are not selling the company for 30c, we are effectively vending in the company for return of the cash and management team whilst we still are exposed to all the upside. The upside has been greatly increased with this now imo. It also removes any overhang from B2 gold as they are shareholders in both companies and intend to stay according to the TSX article. I would expect the stock to go up, and certainly do very well as its developed. The asset has been completely undervalued and this should help us realise some value over time imo. dyor