merger with glengarry - looks good!

On the surface this could well be a good match.

Likely that they can get into production without any additional financing or cap raisings.

The team look the goods and seem to be ready to do the job as much for shareholders as for themselves.

If, as the announcement says, the deal will allow them to accelerate development of the Brazilian tenements to production then the current timeframe of late 2010 should be adjusted BACK to mid 2010 as it was for most of this year.

There is no deal yet so I guess we have to wait and see - I know the immediate feeling for CUR holders is how well we have done with the 35% premium, 8 GGY for every CUR held, but only a year or so ago, based on the SP then, this deal would have been laughed out of the boardroom.

Lets see how well they get things rolling but first they need to formalise the agreement.

I assume down the track they will merge fully to become a single ticker.

Will have a more detailed read later but for now I think this is a good move.

Cheers

Cabe