A take over or merger is probably neither here nor there in the...

A take over or merger is probably neither here nor there in the whole scheme of things. Our concern is whether or not we get a fair deal.

One way may be looking at the assets coming into the deal and the equity coming out of it. As far as I can tell, CUR is providing the resources and GGY the cash. Looking at the equity coming out of it, CUR's resources is deemed only modestly more valuable than GGY's cash. Is that fair?

A one for one rights issue at 25 cents would raise about the same amount of cash and leaving anyone not taking up the offer a comparable amount of equity in CUR as they would have in the GGY deal.

What about management? Looks like Mark is getting the heave ho (to a lesser role) and Darren and Peter taking over. Is that a good deal for CUR? I'm not sure. GGY talks up the quality of their management, hopefully with reason. Probably one of the biggest factors in getting an exploration company into production is the quality of management. Unfortunately, it is one of the hardest to asses. Hopefully we are getting something here.

The market doesn't seem to be looking to favourably at the deal. The last trade went through at 35.5 cents when the implied value of CUR is now about 43 cents.