BHP and RIO can do a share swap as they both have quality proven resources.
that's why FAS and GWR can never succeed as a share swap.
and going into debt to finance this isnt money in the bank either.
What's now a perfectly good company in GWR free of debt and with an enterprise value of $200 million cant be turned into a company with debt of $200 million and therefore an enterprise Value of zero.
Why would GWR shareholders go for such an arrangement?
GWR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
