RE:RE:RE:Stellar results at BotoKarita will most likely be left out of the equation for buyout value, as you mentioned. However, the high probability of future findings in that 100% Merrex owned area will serve as added justification for a company to pursue buying Merrex out, whether Rangold or IamGold does it. Plus the other areas you mentioned. But Karita is a good added future potential bonus because it's the only section 100% Merrex owned and exactly along the same line of Boto, Diakha, meaning high probability of quality gold reserves even though no drilling there at this point.
Based on my observations of past buyouts. It's very typical for a buyout to offer twice the share price from pre-buyout. My prediction is that Merrex slowly climbs back into the low $.20's as anticipation of Q3 drill results build (buy the news/build-up) and technically probable to test the previous years resistance, which is low $.20's. Ususally in that scenario of buy the news/build-up, it's followed by sell the news and a huge sell-off after actual drill results. However, in this case "Sell The News" shouldn't happen because there will then be the excitement of waiting for a buy-out. Then pre-buy out price at $.25 and a descent buyout bid at twice that at $.50 worst case. Just saying... I can't picture the share price staying around 8 cents all the way to November until Q3 Drill Results. Anticipation drives price more than the actual point of news.
What has me curious, is whether a company such as Rangold or IamGold will jump the gun to buy out Merrex even before the Q3 Drill Results (a scenario I'm hoping for because I'd rather wake up one morning surprised seeing an Iroc Trading Halt buyout at $.50 than have it slowly climb all year to end up chickening out and selling too early). They might be satisfied with the evidence so far and not want to risk competitive bids. With Rangolds statement of wanting to expand in that specific area, it must have IamGold eager to make a buy-out bid fast, even before Q3 drill results. Especially since IamGold has a lot of cash from the Niobec sale and if Gold starts rallying all year, they might want to just buy Merrex ASAP. My point being... we might not have to wait until November for the share price to skyrocket. Strong share price movement could start happening very soon! Also, if Rangold plans to buy IamGold and Merrex, they might wait for IamGold to first buy Merrex, to simplify the transaction, instead of buying out IamGold and Merrex separately.
Either way... I'm not selling come hell or high water based on all the info.