some thoughtsif its true, that the ultimate sale of PLS hinges on the "mill factor", as some are suggesting, and as management has been hinting at, and that this merger, and timing of which is in fact a stratagy towards a deal in the works, then, I admit, the rational does sound somewhat solid, answering much of the questional backtracking of management, and their ambiguity. A mill in place avoids expensive, possibly unkown hurdles and fast tracks production for sure. Yes, the mill is not exactly next door, but neither are permits to build one, (especially if the face of Can. federal politics changes drastically this october), nor the half a billion or so it will take that could otherwise be spent turning earth and loading trucks. What i want to believe, is that no one in management, beginning with Dev, and Ross, not to mention Lundin himself, would risk their reputations at a seemingly frivilous attempt at securing long term paychecks by fishing and milking share holders no matter what my personal opinion of them are.. As for the vote, if this is indeed the case, then i'd suggest Dev and Co. do a better job at leaking this information, not only to us, but to other pottential suitors waiting and watching, because without more positive information, i seriously doubt that this vote will receive the 2/3rds majority necessary. This deal as it stands, serves only out of the money warrant holders, who don't come close to the numbers necessary (instittions included, (according to my research)).. Yeah, insiders' jobs too, but so does staying the course without a merger.. remember, we are cashed up, PEA soon coming, there must be more to this, so personally, i'm lucky enough and in early enough to wait and find out before i vote or sell...
that's my final word on the matter for now, except, lets try and keep it civil here, we are supposed to be adults, at least thats what the requisite was when i opened my first brokerage account..
good luck to all