RE: RE: RE: RE: RE: Sprott Not-Monkeys Excellent, Bob, thanks.
In addition to:
"A key objective of the combined company will be to exceed 5.0 million ounces of silver production at significantly lower cash costs by 2014."
I like:
"Improved liquidity and capital markets profile, US$25 million in cash and capital markets relationships that position the larger, combined company for further growth through opportunistic and accretive acquisitions."
I'm getting the impression that the new management team is bent on aggresively building the new merged company into something more that the sum of the parts that will be in place when the merger is approved.
That's the kind of thinking we need to see this stock start moving significantly once the summer doldrums and consolidation in silver and gold have run their course, which IMO could be any day now.
Seems to me that we're in for some excitement for a change in the new U.S. Silver and Gold company.
Best Regards,
John
- Unanimous recommendations from the boards of both companies that shareholders vote for the Transaction. The board and senior management of each company have agreed to vote in favour of the Transaction. In addition, Sprott Asset Management LP ("Sprott") has signed a lock-up agreement supporting the Transaction. Sprott is the largest shareholder of both companies and currently holds approximately 14% of U.S. Silver shares and 8% of RX Gold shares.
- A key objective of the combined company will be to exceed 5.0 million ounces of silver production at significantly lower cash costs by 2014.