Alpha Minerals Inc ESOFD

RE:RE:In who's favor it is.

[patientriskyinvestor]

I think it is a fair deal.  I am a shareholder of both and they jointly form a significant portion of my entire portfolio. You are correct that it will take until nov for the deal to close and at that time we will be waiting for assays on the summer program.  The price/share is almost irrelevant, it all comes down to the ratio.  AMW should get a slight premium, and that premium is justified b/c (a) it is being acquired; and (b) it becomes operator for 2 years right after the deal closes.  Remember, any acquiror will want the half that is the operator, not the non-operating half.  As for other posts by other persons, no reason that they are withholding drill results bc of merger.  Drill results affect each co. almost equally and under exchange rules must be released if "material".  As the deposit grows, what was material early on may no longer be material simply b/c it only confirms what we already know or that it is not significant in relation to the scope of the drilling so far.  I plan to vote for the transaction with both my FCU and AMW shares.
As for cash, I am surprised they even gave the new spincos $3 mill each, my guess is that was a FCU request.  The bigger the warchest, ie cash they have (including callable warrants), the longer they can continue to drill w/o having to go to the mkts to raise money and dilute.  Even with $3 mill each, so long as FCU has not blown it's wad on its other ventures, they should have enough money to drill another winter and another summer.  Hopefully they will also have enough at that time to do a PEA or PFS.  Although honestly, once they have a 43-101 I think that an offer will be coming for the joint co.