I would expect a move higher in gold/silver to happen before the permitting is completed. Gold should move before silver does, then silver will outperform gold after the prices break-out higher.
It makes sense that any merger might happen after Springpole gets permitted because how could Keith sell it to FM shareholders without that being done.
Management will have multiple options to consider once the permitting is obtained and as a long-suffering shareholder my wish is that they choose the option that will benefit me more greatly as an FMG shareholder, not the FM shareholders. I hope Keith keeps that in mind, if they choose to go with an FMG - FM merger.
I don't see how having Steve Lines talk about where they currently stand with the permitting could be a negative. If the process is moving in a positive direction why wouldn't our Management see that as clearing up the perception of the permitting NOT going well. According to Dan that's been the main reason our shares haven't moved higher, no one believes the permitting will get done.
The Street doesn't seem to believe what Dan is saying, why not give Lines a chance at changing the perception? It may ultimately help our share price and if it doesn't then at least they made the effort.
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