Couldn't have said it any better myself
@1912
The volumes of both Galaxy and General are reducing, and my opinion is that if a new investor is looking to buy Galaxy then there is more advantage to buy into General Mining and pick up some bonus shares along the way.
The two shares have held lock step for some time and it will be interesting to see Galaxy's movement or possible lack of movement over the next month.
The company still needs to advise the market regarding the second customer and the DFS for James Bay and Sal De Vida... I am wondering if this will happen before the merger is finalised. The second customer would be nice to solidify Mt Cattlin.
Reading through the documentation from the merger brings up some confidence inspiring names in the top holders: JP Morgan is General Minings number two holder and Galaxy Resources number one... HSBC, National Nominees and UBS along with Citicorp Nom's are in both company also with significant skin in the game.
If you don't plan to sell your General Mining shares then forget filling out the paperwork and hoping it isn't lost in the mail just call your broker and give them your instructions to accept the offer.
