Clearly, we need to look at the value of WTG going down rather than the value of CMM going up to find the right balance. I do not want to be part of a company that aims to build a 1M oz gold producer by 2016 and that wants to build such a company almost from scratch.

WTG is supposed to become the gold producer within the MMC Intergeo corporation that Finskiy owns. The long-term production target means that more takeovers will be needed in a very short term. Firstly, I do not see the added value of being a global player in gold mining. I can see the value in industries that are labour intensive or where economies of scale can be obtained, but I don't see a 1+1=3 synergy effect here, other that a perverted desire of being BIG.

Whatever happens, I would like to thank the people here who actually saw many of these scenarios coming before I did. Even CMM bringing out the bad news just before that 'merger' news was indeed probably all part of the strategy to downplay the potential of CMM. After I saw SGV and SPQ being acquired, this to me this is the easiest choice so far: I am against this deal unless it would take the CMM price up to double the current price.