GREY:LVNNF - Post by User
Comment by
Heywood_Silverson May 30, 2019 11:56pm
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Post# 29787527
RE:RE:RE:RE:RE:Initial take on the merger
RE:RE:RE:RE:RE:Initial take on the mergerDiscovery is part of the Oxygen group of companies (Pure Gold, Liberty Gold, etc.) and they should have a better pipeline to financings. Levon was going to struggle on its own and this brings them some stability.
I would think that Cordero will replace Puerto Rico as the new flagship property of the combined entity. If any of the 3 drill-ready properties that Discovery has turn out to be anything special, the combined entity will be chock full of resources. The more resources that get added makes this a more attractive buyout target long term.