Srm has access to approx $13m cash now and more than that as the...

Srm has access to approx $13m cash now and more than that as the other asset sales get paid out via their partners. These are contracted sales agreements. There is no reason to assume they won't get the balance of cash outside normal commercial risk factors as far as I can tell. Public companies do these deals hundreds of times a year. Scheme doco's have to list risks so people don't loss the plot if something goes wrong or gets delayed. It's a 550 page document prepared by North American lawyers ..normal IMO. There is risk in every deal. Management have started 7 mines in 5 countries. Three of these were the largest in those countries including the Philippines. That is not PR . Anyone who has doubts or does not like the deal can sell all day. Srm shareholders could support the company( they did) ,but that would mean doing a placement at 20c at the time for far less money than required to complete this project. We would still lack the in country skills that comes with this. They have giving nothing away, its a merger. I dont think the largest shareholders (2 of them are management) are hardly in the business of giving anything away. The share market/ price is telling us its working. It's actually derisking the project with money and track record, its going up since the announcement. In a perfect world, the brain dead market would have worked out the value of this a year ago, but it didn't. It chose to follow the herd instead. Please dyor.