MYG will follow DRM at the roughly ratio of the take over bid which from memory is 9:1. Ie nine myg shares for 1 DRM. If the take over falls through then the MYG shares will crash as a result of the decoupling.
Personally I dont understand why MYG holders are not jumping at the take over offer. If we dont join DRM MYG will never produce gold.
DRM will not increase their offers so those hanging on for a better offer risk blocking the take over and the share price crashing. We will loose our investment at 1,ooo,ooo dollars a year on salaries plus overheads, boozy lunches and junket trips.
Commsec has an overwieght rating on DRM and Mornings star who are normal conservative with there rating also have a buy on DRM
MYG Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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