Understanding the merger and the mathThere seems to be a missunderstanding about how to calculate the merger benefits to the MMG shareholders.
Let me explain: You get one half share of Duran for each share of MacMillan you own PLUS you get shares in the new MacMillan which retains ALL the properties in Mexico. Historically MacMillan traded at 25 cents per share before the value of the property in Peru was known.
Calculate the value as follows. Todays price of Duran $1.18 x .5 = 59 cents plus 25 cents for each MacMillan share reflecting the Mexican silver and gold properties. MacMillan should be trading at 83 cents to reflect todays prices. Any price less than that is a bargain buy!