Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: Orocobre and Galaxy Merger - Announcement, page-577

First 577 Last

Share
Profile

Follow
findinggems

3,106 Posts.

936

28/07/21

18:57

Post #: 54847598
Share

Originally posted by Nolan78 ↑

I've come in late due to a death in the family and not really paying that much attention to these shares I own.
It looks a bad deal to me. GXY phoned m up recently telling me I should vote yes and I said I like info before
voting.

The directors usually get their way as they own most of he shares so this is likely to go through.
Of the view that might be best to get out. Currently the shares of GXY are at $4.33 or there abouts.
The deal goes through and we get robbed as the ratio comes out at $3.53

So my thinking is sell now well I think sell and put the money into my other two stocks of FMG or PLS.

Expand

It will be 0.569 of whatever the share price of ORE at the time of the merger.

So at the moment:

ORE is at $7.73
GXY = 0.569 * $7.73 = $4.39

So the higher the ORE price, the better deal we get.

GXY Price at posting: $4.41 Sentiment: Buy Disclosure: Held
16 Upvote

3 Great analysis

Reply

Top Stories

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

The Rising Tide: How institutional adoption is shaping the future of crypto

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

There are more pages in this discussion • 118 more messages in this thread...

First 577 Last

Add GXY (ASX) to my watchlist