Yes, it's time for new management.
The merger is a much better way to reverse split LIEG. The reverse split will happen eventually, it's better to have a mining company listed on theTSX then a penny stock. (TSX is know for mining stocks)
This is a great project and management has been pissing away for years. LIEG is at the bottom with 17.7 % and 550 million shares with .02 to .03 value and very thinly traded volume. Anybody with real money will not look at this stock seriously. (POSCO wants the merger !! - They have to vote yes)
Is this a good deal for LIEG ? Yes, why, Bearing can realize the gain much better then LIEG can !! As of now it does not look good, the value of Bearing will be better in the future.
As we know stock prices go up and go down - I'll give you some history for LIEG -Feb 1, 2010 share price $1.11 and a big guess if I remember correctly about 80 million shares. And now people? 550 million at .03 !!
Do the math - your choice - vote yes !!
