RE:Summary outlook for Merrex- 2015-2016
The number of options for MXI are too numerous to mention. I do think they have more leverage to the Karita deposit than you imagine. To take out MXI they'll need to offer a reasonable value to Karita otherwise MXI can sell them the other deposits and keep Karita for future development with the cash from the sale. Another possible option would be for another company (Rand perhaps ??) to do a large private placement at .20+ to allow development of Karita and tie up MXI from an IMG takeover. I like this second option best, as it would likely result in a bidding war between the two for ultimate control. :)