Could be, as long as NEM keeps rising, we may be better off with continued delay right up until the 120 day deadline... The 25% to 40% that MOY retains in NEM shares will likely be sold soon after the merger and converted to cash. Reading Russell tonight, MOY would be better off just holding onto the shares (after distributing the 60% - 75% to shareholders as I anticipate and hope)..., rather than converting immediately to cash.
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