RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Why such a deal ?Hi Labrador6
I have read and checked the Toachi and Atico merger in 2019.
Some similarity with Abcourt and Pershimex.
Atico had only one mine in production and Toachi had a great project.
Atico was looking for diversification and Toachi was looking for capital.
Toachi got a 47% premium and a voting right while if i read right Atico had no voting right.
The result was Atico had +- 75% of the new co and Toachi got 25%.
All the comparisons seems to compare with the merger of Abcourt and Pershimex.
At the day of transaction the share price was 0.28c and in the future years went up to +- 75-80c .
Just like all mining share price in the last few years the value has gone down back to 0.27c .
I see now that Atico producing mine has 3 years left and Toachi project is close to be realized.
Result of the (Atico and Toachi merger) was that Atico had the access to funding and used it to advance Toachi project and now both co are more secure and it was a win-win solution ,just like Abcourt and Pershimex merger might be.
Fernand