Revelo Resources Corp V.RVL

Revelo and Austral sign letter of agreement

[whinny]

https://finance.yahoo.com/news/revelo-austral-gold-announce-signing-155300261.html

hard to decipher this right now.

[christo]

As of now it looks like about $0.35 per share..either the market does not believe in the deal actually being done..or Mr. Market thinks AGLD stock price as of now is not sustainable..Im buying RVL

[DoughBoys]

I picked up enough to nab me 50k AGLD after te deal... i look at it like the risk is worth the 3 USD cent cash payout. $2200CAD plus shares in austral for a discount!

[ToddinVan]

I've read the letter of intent and it's a lot of double speak. The companies mentioned as purchasing the copper assets both seem VERY shady. Something fishy going on! If you search both companies they are dubious. Also, both Austral and Revelo co now trading pretty much on par, so no upside to Merger.  .... anyone else seeing lack of benefit for shareholders? Oh  management

[DoughBoys]

Deal is definitive now. What's shady here?

[flush777]

The price of shares has risen to on par NAMELY BECAUSE IT IS A DONE DEAL, STUPID. You should have purchased shares earlier. RVL was trading at a discount and caught up. Thats all. I was a bit suspicious with the deal initially as I recall however a quick look at AGLD's balance sheet with $10 million in cash and a producing gold mine, meant this was a good deal for RVL shareholders ESPECIALLY