The merger/takeover will help both companies.CRE is basically...

The merger/takeover will help both companies.

CRE is basically stuffed the way it is going..it is being bailed out by a company on the way up.

CRE has good leases and potential but poor management and no cash.

FML has good management and is cashed up. FML is also grossly undervalued with it's current production rate set to move to 10,000 oz gold monthly from July. It also is drilling at Lake Cowan which could help the share price soon.

The Summit mine would be up and running quickly with FML and deeper drilling there may also find another elehant. Summit will add an extra 50,000-70,000 oz annually to production.

FML is slowly building up to be one of Australia's biggest gold miners.

I expect the share price to fall over the next few weeks as the gold price tries to find a bottom....but from then on...look out.

CRE folders, come and join the party at FML....you will not be disappointed