Yes waiting a very long time...
Reasons:
Thirty-three or thirty-four different entities involved.
MITRADEL involved and a union involved.
Five languages and five legalize translations.
Five continents.
Eight Countries each with their own set of rules.
Between twenty-five and thirty thousand pages of documents.
More or less two-hundred attorneys and government bureaucrats involved.
Anyone with experience at a senior level in international business, would know that this is not just setting up, and setting the price on a lemonade stand in Podunk, Mississippi, or CR, BC. This has taken about five months since the vote of approval at the end of the first week of December 2013 in South Africa. While it may seem frustrating to those who are not informed and or not experienced, it has actually moved forward at a pretty good pace.
As to the immediate impact on share prices, no one knows. It may take a year or two for the plan to be fully implemented and results to show up in the P&L. Perhaps sooner??? The back and forth trading volumes, and share prices, only reflect a very small percentage of the Outstanding Shares that are chased back and forth. Irrelevant to the actual value of the company, that may be reflected when you see the results of selling a few assets. Those who need to know already do and the "deal" was consummated in principle long ago. The easiest guide is to research the filings with MICI and the Courts by both companies long ago. This set the frame work and spirit for all that has been done.
Everyone makes their own choices on whether to buy, sell, or hold. As usual, we continue to buy regularly and are very happy to acquire shares at these prices. IMO you will see some public news from the 'deal' prior to the Webcast of FQM on May 1st. You should be aware that there will definitely be news on May 15th from PTQ, if not sooner. So all the ranting, criticism, and writhing in pain in the gutter of vulgarity and insult really just reflects on the authors. Ignorant, meaningless, and ignored.
The last major project our firm worked on was with CISCO in Brazil; negotiations took three years, because the Japanese were involved. Fortunately we have Koreans in this deal.LOL!!
This is not that big a deal and six to eight months of details after the early December vote to go forward is about normal. Just relax and eat your Easter Eggs...be careful though one is gold and you will break a tooth!!
