not to mention that all of this will require an EGM for approval
"transfer of wealth" ?????
not in my books - unless you are talking my pocket to company/ or non entitlement takers to entitlement takers IF GXY survives - and guess that is a big IF ?
so 50% new shares + 3 for 2 options : what's that in total ???
transfer that to an imaginary EPS - still worth investing in ?
What "non core assets" are they going to dispose of ?
Mt Cattlin/Sal de Vida ????
Taking the "offer" to 8c - that in itself shows us how confident the directors are in the underlaying assets - or am I way off the mark there?
BTW - who is holding the convertible bond notes ?
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held