RE:Is this merger likely?It depends on major share holders. I tried to find the major share holders, but couldn't find it on both sedi & RGT's web site. Anyone knows how to find this info please post it. Thanks.
I will vote NO, the resons are as follows:
1. RGT has more than 20 millions cash, that can complete their U project into feasiblity study, or carry out drilling on their gold projects;
2. Even RGT is doing nothing, they can still wait through the difficult time until U recovery;
3. Mega's U projects are low grade, need to wait until U price go up to $70-80, that is years away. One of their project Ben Lomond has about 8 millions Lb u in ground with garde 0.27%. I didn't read the project in details, but believe they still need more drilling, 8 MLB resource is too low to develop the project.
I checked the Sedi, no other filling regarding the meger with Mega.
Good luck to all!
tiger