Levon Resources Ltd (New) LVNVF

Initial take on the merger

[Heywood_Silvers]

I checked out Discovery Metals website but their posted news releases do not go earlier than 2017.  Yahoo Finance indicates they had a 100-for-1 stock split in 2013, which was odd for a stock trading at $1 when it occurred.  Don't know what to make of that, but at least it wasn't a 1-for-100 reverse split, yikes!!

Discovery has been trading stronger over the last few years, but it was literally a penny stock, as in a penny, about 4 years ago.  So, it has had ups and downs similar to Levon.  They seem to have some interesting drill targets and are in the same country exploring for the same types of minerals, so that seems to be a natural fit.

One thing that caught my attention when browsing the Discovery investor presentation is that their management owns 46% of the company.  That is OUTSTANDING!!  The two will be much stronger than one and I can only think that this will help Levon rebound from the recent setback with losing Ron.  Others' thoughts or comments?

[Cubalibra]

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[Heywood_Silvers]

Selling at the bottom is never wise, so the stock had an excursion down to 7 cents.  When I looked a couple of days ago the ask was at 10 cents.  Based upon the merger details Levon stock is now worth 13 cents USD. Discovery Metals trades on the Grey Market on OTC whereas Levon trades on the highest tier of the OTC.  Something has to give, I am banking on the combined entity

[Cubalibra]

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[Cubalibra]

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[Heywood_Silvers]

Discovery is part of the Oxygen group of companies (Pure Gold, Liberty Gold, etc.) and they should have a better pipeline to financings.  Levon was going to struggle on its own and this brings them some stability. I would think that Cordero will replace Puerto Rico as the new flagship property of the combined entity.  If any of the 3 drill-ready properties that Discovery has turn out to

[Heywood_Silvers]

You are correct, it is actually closer to ten cents USD, or about what the ask was a few days ago.  Obviously there was no premiums paid in conjunction with this merger.