Moydow Mines fka MOY

[amarksp]

<With MOY I am comfortable waiting for another 40 days>

<Me too, but gosh do you think these idiots need that long? If so, the stock may get pretty nervous without disclosure. If they disclose terms, a definite timeline, and it's short and sweet (at least equal to the current share price on the distribution), I'll be a big buyer if the stock fails to react again. The fact that I wouldn't now reflects on mgt's credibility wouldn't you say?>

I would venture a guess that there is over a 50% chance that this deal does not close until the week of the deadline, now 39 days away... NEM still has to complete their due dilligence and I am guessing that the Yandal hedge fiasco takes top priority over everything right now for the NEM lawyers and management team. MOY deal will be on the backburner until Yandal resolved or right up until the July 22 deadline.

That being said, I would also not be surprised if they announced the due dilligence being completed today..., but I think it is 45% chance we see this deal close between now and July 15 and 55% chance we see this after July 15... Just a guess.

You should not be surprised that MOY is quiet now, MOY is likely in a quiet period required by SEDAR/SEC rules pending the announcement. As I recollect, neither Francisco or BAY.to made any announcement whatsoever between their merger announcement and its completion. Any announcements/news releases made were always made by the acquirer, namely GLG and PAAS. Neither Francisco or BAY.to ever made a press release during this quiet period is my recollection, and I believe this has to do with SEDAR/SEC rules prohibiting such communications.

The real problem I have with MOY is they issued very few press releases during the MONTHS before the announced merger intent. Have to agree with your comments that MOY is not shareholder friendly in regard to communicating with its shareholders... I understand why they cannot communicate now, but they should have made several press releases for the 6 month period prior to the March announcement.