InvestorsHub Logo

gharma

01/24/12 3:21 PM

#18 RE: rlfb06 #17

2future4u - I agree with rlfb06 that the 1.6 : 1 share arrangement is a puzzle, what this was based upon, it almost appears to have simply been relative market cap. The most recent monthly from Hard Rock Analysts disclose that this was proposed by them to SSH, that they are to receive finders for it, and that they are supportive. They indicate that the combined company will have treasury sufficient for the next programs at both projects, a fact I doubt can be easily verified.
I was glad to see Adrian Fleming who was instrumental in breaking the ice on the Yukon with Shawn Ryan, started and finished Underworld, will remain as CEO but the combined company will also keep Quinton Hennigh who has a long history with the Kiyuk property.
The pps for SSH reacted pretty negatively on the day of announcement but now it appears the market has reconsidered, and the pps of the two has adjusted to the 1.6 : 1 ratio.