https://www.australianresourcesandinvestment.com.au/2021/11/03/westgold-loses-bid-for-gascoyne-takeover/
“Westgold announced its off-market takeover in September, which comprised one Westgold share per four Gascoyne shares at a value of $0.44 per Gascoyne share.In October, Gascoyne rejected Westgold’s initial offer, saying it “inadequately compensates Gascoyne shareholders in seeking to gain control of Gascoyne’s mineral resources, ore reserves and processing infrastructure.”Soon after, Westgold increased its offer consideration to three Westgold shares for every 11 Gascoyne shares, valuing Gascoyne at $0.53 per share.”
GCY board should really be held accountable for this. Gotta feel for the shareholders that held during this time. 53 cents a shares looks amazing now, considering this will soon likely be in the low teens
Ann: Successful Completion of Placement & Institutional Offer, page-28
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$1.13 |
Change
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Mkt cap ! $1.257B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.19 | $1.13 | $5.563M | 4.797M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 49856 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 57563 | 2 |
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| SPR (ASX) Chart |