Re: San Gold Corp and Kerr Mines Inc Enter into Letter of Intent to Merge Businesses
posted on
Jul 21, 2014 12:36PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
From the news release, I take it that the recent 4 month turn around in operations have been because of our new CEO and the Kerr team.
What 4 month turn around?
Is this news material to the share holders? I would say that it is. Why has this not been reported? The ones in the know are in a position to benefit from this.
Greg Gibson seems to be behind both Kerr and now SGR. Kerr has been in aquisition mode over the last 6 months (without me looking into this any further).
It would seem that the delay to the AGM is because of this event.
I am sure there are synergies that would be accretive to this merger, but for who?
I honestly don't know if this is good deal or not.