Still not sure how I feel about it. There are articles stating Keegan have bought us, we're moving to Toronto lol. There are some saying we have bought them. It's straight merger, but can't help thinking Keegan holders are getting the best deal. We have better grades.
One thing I can see is we can kiss goodbye to any dividends soonish, as profits will be used to build Keegan's mine.
These are definitely nice stats. " The combined company would own a compliant measured and indicated resource of 6.94-million gold ounces at an average grade of 1.9 g/t and inferred resources of about 2.65-million ounces at an average grade of 1.87 g/t.
Asanko is expected to have about $340-million in cash on hand and have no debt outstanding.
Also, Asanko??? I've had quilt covers and fridge magnets made up with PMI on them :-)
What do others think?
PVM Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held