Queenstake Resources Ltd (qee)

[enlightened1]

The good points are that it is joining with a company that has a higher current share price, more exposure to the gold business (more mines) but which, up to now, is not listed in the US.

Providing gold itself maintains its upward trend, this should do well, Newco will be listed on the Amex.

It could well become the target itself of a merger as the sector consolidates.

As the new shares will be distributed on the basis of QEE 1 for 10; and YGC 1 for 1. This would appear to indicate that the new share price would be around 2.00 as this is the current price of YGC.

YGC do not disclose on their website the number of shares outstanding QEE have approx., 584 million