gold strike puts the kibosh on merger

Apparently, PanTerra and GoldQuest of Canada, had been in preliminary merger discussions for some 6 months, with the due diligence component expected to start on August 1st.

Then GoldQuest made their extraordinary Gold discovery in the Dominican Republic, and within 2 months their share price had gone from 5 cents to $1.50.

So that put the kibosh on merger discussions, because there are a dozen banks now lining up to throw money at GoldQuest for their development.

Such are the vagaries of life, of lucky strikes, and the timing of destiny.

Had the two companies put the merger together before GoldQuest made it's lucky strike, and then had the market response been the same, PanTerra's equivalent share price would now be approximately $3.50 Canadian.

Agent 86 (Maxwell Smart) - Missed it by that much

Ce La Vie.

Gw

Destiny is a good thing to accept when it's going your way. When it isn't, don't call it destiny; call it injustice, treachery, or simple bad luck.
(Joseph Heller)