cliff, I'm disappointed in the EZM merger, too. EZM is my favorite mining stock and my largest position. On its own I've been expecting it to climb to 4.00 or higher as the zinc operations come on stream. Now the merger pegs it at this lower price - unless another offer comes along.
But I am impressed by the stock's action today. There is a lot of trading going on at a premium to the merger price, and the stock is staying up there. I've sold a little, but I'm holding most of it to see how this story plays out.