Greenwich Resources closed higher at 3.55p per share
5.7Million shares were traded, so good volume.
With a takeover price of 6.21 Greenwich shares per BKA share, thats equal to 22.05p per share
With an exchange rate of 2.346
The inferred takeover price is 51.7c per share.
BKA is still trading at a ridiculously low price of 27c
Greenwich has been out of trading halt for two days and the share holders have overwhelming shown their confidence in the merger pushing the share price up 57% in the last two days.
This has not been reflected in the BKA share price and the volume in BKA still remains low.
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buka minerals limited
up 12% in london, page-4
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