RE:Timelongagau2 wrote: Time is running in SGNLs favour. Time is running out for MAE. If a merger is to happen, it would be much much much better for SGNL to wait.
Sure, we can play it the "shark way" by letting time running. But Kevin suggested several times that they do not want to play it the aggressive way. I agree with him. Waiting a couple of months could weaken MAE's position in a deal with SGNL, but waiting too much might also make that deal more diifficult for SGNL in the current market conditions: financing the developement of Goldboro will be tough if the markets do not get better for gold miners.
Having Hammerdown ore processed at P-R could help in getting a better financing package and having 100K of dor bars a year will certainly help in financing Goldboro. Waiting too long might allow some other players looking to consolidate projects in Newfoundland and offer more for MAE and pay ca$h. IMO, It's better to sit as "friends", objectively assessing the values of both companies and talk about how to build a new entity that could be the "consolidator" in the area instead of being eaten up by biggest sharks IMO.