RE: RE: RE: RE: RE: 5.5 nis for 1 moa...even moreThis is a good deal for both firms...Hi Cousin Gert we meet again. I used to own MOA years ago, now I own a lot of NIS. You mention the share exchange ratio...one thing that is important in about 8-9 months from now MOA/NIS will start receiving cash from the Gold milled at Pine Cove, 30% interest, as Valentine is a long way from the production stage this is the cash that will keep MOA going for exploration elsewhere. So the exchange ratio could be a little high, personally 5 for 1 would be better, which means NIS share price has to rise further.
Anyway good deal, we as shareholders of NIS get decent management, finally, & you guys get a producing Gold mine plus Glover (which has large potential) plus a large stake in prominex..V.PXR which holods about 50% of the Turk hills claims.