Relax boys and girlsMy two cents as follows. The SWN CEO needed the bucks to complete his ambitious 2007 drill program. He may have been subject to some pressure timewise to get a deal.
The folks with the bucks needed a good project. So at some point in this case, 65 cents per share was the point that both parties could agree on a deal.
The project has to look good to attract this money. There is no way that the millions needed could have been raised if the project did not have a lot of promise for profit for the money guys.
Also I think the project financing was presold. That would be an important part of the deal for Selwyn. If anyone wants in on the terms of the announcement as detailed they may very well be too late to get the shares they want.
There is a lot to like about this deal,IMHO.
The stuff in the ground may very well be the biggest base metals find in years.
One thing for sure the CEO is a positive thinker and I will take that any day over some of the comments made on this board.
Best,
onehaf.