GREY:SXRZF - Post by User
Post by
howdy1on Dec 15, 2010 2:12pm
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Post# 17851341
Execution
ExecutionThis Mantra deal should not come as a surprise to anyone. This is what has been stated will happen in all of the lead-up to the UUU/ARMZ deal. Specifically, the company said that they were looking to Africa. This looks like a great acquisition.
The timing is right. ARMZ would not have moved this to UUU without the deal closing first, which it now has. What is so encouraging is that it shows that the company is following through on its strategies and is doing what it states it will.
Since Froneman left, the company has executed its strategies very well and has created a true growth story that continues to defy the doubters. All of the "scary" news that has come out in recent years has turned out to be unfounded and the company has shown that it is exercising prudence and good DD when acquiring assets. Management is gaining credibility with each one of these episodes.
When you buy a company, you really buy management and this is showing continuing vision and leadership by UUU management.
There is no reason to believe that this deal will not make UUU even more valuable.
Those who are short, now might be a good time to cover.