Firma Holdings Corp. (FRMA)

[curious924]

Yamana deal progressing as expected.

I just called David Barefoot to ask about Tara Minerals' Picacho/Adit deal with Yamana. He pointed out that the news release on Feb. 2 did not give a definiteve date for closing the agreement. I checked back and it says, "A definitive agreement is expected to be completed within 45 days."

Some may be concerned that if an announcement does not come out this week or early next week that something has gone wrong. David said originally it was said to be 45-60 days, but the 45 days was used in the news release.

Anyway, he said the deal looks great. Things are advancing with "no quirks whatsoever" (his words). Yamana has to do its due diligence, and the definitive agreement needs to be completed. Both companies could want certain wording changed and this can bring delays. But this all continues to happen as expected.

So a definitive date for completion can still not be given, but it is not because anything has gone wrong. David said he is very pleased with where we are at.

Curious924