Still well below implied value under the mergerT.SIM is hardly trading at all with a lot of shares on the ask side at 38 cents. Meanwhile T.CLQ is trading 200 000 to 400 000 shares per day at 37 cents. The implied value of Sirocco under the merger agreement is 43.5 cents per share. Looks as if many of the T.SIM shareholders are not too happy!
I disagree. CLQ looks much better with the cash from Sirocco and the new management team coming with the merger might get Canada Lithium going at last.