RE:RE:RE:RE:RE:RE:Strange dealELD does have turkish properties so that's not out of the realm of possibility.
The main issue is that both company BODs have signed off on this. It'll take a massive effort to change the trajectory of the merger.
The SSRM stockhouse board doesn't like the deal. They see ASR as being in a risky area relative to SSRM's safer properties in Canada. The irony is that some of the SSRM properties have been shut down due to COVID. Furthermore, the current properties of SSRM have AISC of over $1000 some over $1100. ASR has an AISC of roughly $850 which is amazing. Huge margins.
I'm not against the deal, I just would have liked ASR to grow a bit more on its own with a rising gold price. Conversely, a company does get a re-rating as it gets closer to the 1MM gold producing mark. EDV will be over 1 million oz with the merger of SMF. the combined SSRM and ASR should bring it up to 750-800 OZ Au produced annually. It'll need to purchase one more solid mine to get over a million which I do think is the plan. The free cash flow will certainly help that happen.
Good luck all,
sb