If I was a GWR holder I would be filing any offer documentation from FAS into the recycling bin.
FAS offer GWR nothing except for robbing GWR holders of full control of a potentially lucrative iron ore development.
Would any holder seriously want the merged group with such a ridiculously high number of shares on issue if the offer was off the ground. It would certainly make development fundraising much more dilutionary.
I hope those dissident shareholders get some changes in the board structure and see of this ridiculous takeover.
With some credible management GWR may be a good buy in the future.
GWR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
