I agree Worny. The altnernative would be to go to market and...

I agree Worny.

The altnernative would be to go to market and raise the funds to get into production. To raise $9m odd, for a company with a market cap of around $12m, is hard going at any time, and would have to be done at a serious discount to current share price (32c at time of merger announcement ... so probably 25c plus dilutionary options?). Raising $1-2m every 12 months is not going to get the company anywhere.

At least with the GGY merger they not only get access to the cash at a reasonable value, but they also get experienced management and other projects. And ... they can be in production ASAP.

I will be voting YES to the merger. It secures the business's future and gives it a chance to get into production quickly which should mean a substantially re-rating of the share price!