RE: Dundee's Conflicting Interests Don't do this deal. I agree with comments that RGT is much better on it's own. Better projects and money to move forward. Mega diversifies the "country risk" but adds other risks. Profitibility of low grade deposits? Dillution of the potential return on a quality project like RGT's. Also, there is no guarantee the will move forward on RGT at the same pace or at all. Once that money is up for grabs they can use it to pursue whatever project or buying they want. You'll get less upside on the RGT project and the timeline could be extended indefinitely.
This is a case of a bird in the hand is better than two in the bush. The benefits are all for Mega, not for RGT. If they had a great project and were low in cash then I'd say it's a good move but they are a hinderance not a benefit. Also note that Dundee makes a big deal of the combined management team being a big benefit. Well, RGT was doing great on their own, Mega not so much. Now there will be more management to pay and decisions being made by a group that weren't making it on their own.
Need to stop the deal. Anyone talk to IR yet? Find out what RGT really thinks is the reason for doing this?