Who knows... Given NEM track record, if they can delay it, they will. Nonetheless, that 120 day deadline was very firm the way I read the MOY press release, did not leave any wiggle room. Sure wish it would have been a joint NEM/MOY press release and not MOY alone...
As posted, I am not surprised that this is going the full 120 days. FWIW, I will be surprised if this deal is not consummated within the 120 days deadline, namely by end of day July 22. We'll see...
As I ponder some more, FWIW, MOY would not have stated a 120 day deadline unless this 120 days was in writing... Guess there is a possibility NEM could hardball MOY again and force them to extend the 120 days..., but this may allow MOY to nix the deal altogether? and I believe NEM does want these ounces badly. Still betting these deal closes on July 22nd...