The logical outcome has always been for DYL and MEY to merge....

The logical outcome has always been for DYL and MEY to merge. Rick Rule (a big fan of DYL) in a recent interview made it clear that he believes Borshoff should be more aggressive in driving an industry consolidation strategy. In the same interview, he refused to comment on MEY, probably to avoid drawing any attention to the stock. MEY is just the right size and is relatively low risk for DYL's acquisition strategy bringing the technology component critical for a viable Tumas and exploration projects to complement DYL's assets.
The current ratio is however out of step so MEY's Board will need to stay vigilant to ensure MEY gets full value in any transaction. The current Mrkt cap ratio is DYL:MEY of 7.4:1. Within a merged entity fair value is around 2.5-3x which can be achieved through a realignment of share prices or a premium placed on MEY share price in any offer. At current DYL share price, MEY share price should be 35c-40c for this merger to work for MEY
MEY registry appears to be tightly held so the Board has all the cards when dealing with Borshoff who must be getting more anxious about not delivering on his acquisition strategy.
Good position to be in for MEY Board and shareholders.

GLTA