Sounds like you're getting desperate now saying that it's only a matter of "when" there is a takeover. If this isn't ramping then I don't know what is.
Why would a company offer a 100% premium? You'd be lucky to get a 20-30% for a takeover offer, which still values GXY at well above underlying fundamental value. FMG wouldn't even sniff at GXY. FMG is in the business of generating shareholder value. GXY is making pipsqueak money from its current operations, with no certainty that it will even be generating a profit in future quarters, so acquiring GXY would be dilutive to FMG shareholders.
- Forums
- ASX - By Stock
- GXY
- Why the GXY share price should rise tomorrow
Why the GXY share price should rise tomorrow, page-289
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)