Crazy thoughtsHi Folks
Just a crazy thought that came to me while lying awake unable to sleep. In the crazy season of this exploration cycle, mergers seem to be all the rage. My proposal is a three way merger between Diamonds North, Commander, and the yet to be listed Uranium North. In my plan, each current share would be converted into one share of the new company. This would roughly give each Diamonds North/Uranium North and Commander an equal share of the new company. The companies are already very much interconnected, with shared Directors and admin staff. The new company would bring together an envious collection of diamond, uranium, gold and base metal properties, as well as a highly skilled management team. I believe the strong institutional ownership that each company currently enjoys would only be strengthened in such a move, and that the shares would trade at a premium. I would like to hear what other people think, both good and bad.
P.S I thought the new company could be called Major General Resources, kind of has a nice ring to it.