RE:My SA articleNice post GoldPanda.....I agree with much of what you said. I am still trying to wrap my head around this. I think we (as NCA shareholders) gave up some great potential short-term gains for a brighter long-term future.
The TSX, Ross Beaty, multi-assets (not a huge fan of Brazil, but I am going to err with mgmt on this one and assume they have done the necessary work), exploration potential, non-core asset sales....these could all point to a nice sale in 2020.
My biggest gripe is the number of shares outstanding. 423 million is outrageous. That really reduces our potential gains. If we are a billion dollar company our max multipe is 2.5 - that would have been easily surpassable if NCA was standalone. If they can execute the plan and get to a multi-billion dollar valuation, then we will be better off with the merger.