Is TARM buying TRGD really good?
Can some one make a case for it?
Note that Richard made several serious mistakes in the last 3 years. First, he announced the production, only to see that the production is delayed for more than one year. He stated that he learned the lesson, and wait until the production to start before he announced it again. But immediately he made the identical mistake, he announced the gold production, only to be delayed for one more year. He just did not learn his lesson in the first time.
Also, earlier, people are rejoiced with TRGD business model, only to see that almost all of them collapsed. The business model fails if Richard cannot find good partners. Finally, Richard moves to production himself. This is a good risk that he took because he was never a miner before. Thus, he had several mistakes in sequence. Finally, he got something right last year, things are finally moving to the right direction, then Richard made he same mistake by issuing gold production.....
Anyway, I am still not convinced that it is good for TARM to buy TRGD. It looks like this is a way for Richard to save TRGD by dragging his stronger boy to save his weaker boy. The problem is that whether the weaker boy will be strong or the strong boy will be weak as consequence of this transaction? It is good for TRGD share holders, but is it good for TARM share holders?