RE:The bottom lineA 1:2 reverse split is proposed, however, considering the new paroposed CEO coming from FCU, the share price trajectory and the likelyhood of a shrinking market cap post merger, perhaps the consolidation should be a 1:4 reverse split so the shares can be comfortably above $1.00 to maintain the US listing. Getting delisted in the US would be a negative for the stock. Regardless, with DML sitting on uneconomic resources that require 10's of millions more to continue exploring in the hope of doubling the resource to even get close to being economic (ie. Wheeler river), acquiring Paterson Lake looks like it will be good for DML.....not so much for FCU shareholders;-)
GiveMeSomeRoom wrote: is that DML seems to have to issue shares every year to survive as they don't appear to me to have enough cash flow. Acquiring FCU is just as much about rolling back the shares as FCU's deposits imo. Rolling back the shares will buy them 10 more years of dilution to raise cash imo. The bottom line is get out of commodities it's been a suckers bet forever, unless it's a royalty stream. So many names have been a double or triple over the last 5 years or so, except commodities !