RE: RE: RE: RE: NO, not at this priceWhether I like the deal or not, I believe that it will go through. Therefore I am taking advantage of the direct tie to price of silver and the advantageous multiple that SLW has over SST, because of its size. There is also a small arbitrage situation too.
I would like a 0.25 relative price to SLW, but reality, I don't think we are going to get it. The small "if" it doesn't go through, our relative value to SLW will drop significantly as it was before. This is not because of anything Pylot is doing or can do, but the reality of how the market will value a small company, regardles of how well it is managed.
There is lots to lose if the deal doesn't go through. You will have to be very patient to get this valuation again. I am sure it will happen, but not in the short term with a $12 silver.
It is okay to not want to do the deal, but I don't beleive that it is okay to slag the management. They have done a good job creating shareholder value.