GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin update,GXY-GMM.AX, page-42

  1. 1,658 Posts.
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    Yes they were. as part of the pre-bid acceptance. GXY + Fotios (the only GMM director with shares) + another group of 4 share holders kicked off the vote count.

    Page 22 of Bidder's Statement

    "In addition, Mr Michael Fotios, being the only Director who holds or controls General Mining Shares, intends to accept the Takeover Offer on a date that is not earlier than 21 days after the Takeover Offer opens, in the absence of a Superior Proposal. The General Mining Shares held or controlled by Mr Fotios (along with his associates) represents approximately 10.34% of all General Mining Shares on issue as at the date of this Bidder's Statement.

    The entities associated with this commitment given by Michael Fotios, include:
    Investmet Limited, in respect of 12,673,269 General Mining Shares (being 3.98% of General Mining Shares outstanding);
    Apollo Corporation (WA) Pty Ltd (Apollo), in respect of 5,000,000 General Mining Shares (being 1.57% of General Mining Shares outstanding);
    Whitestone Minerals Pty Ltd, in respect of 8,277,406 General Mining Shares (being 2.60% of General Mining Shares outstanding);
    Delta Resource Management Pty Ltd, in respect of 4,800,000 General Mining Shares (being 1.51% of General Mining Shares outstanding); and
    Michael Fotios (in his own name), in respect of 2,155,556 General Mining Shares (being 0.68% of General Mining Shares outstanding)."

    the 4 other with 4.84% to agree pre-bid were

    "Wyllie Group Pty Ltd, in respect of 4,780,217 General Mining Shares (being 1.50% of General Mining Shares outstanding);
    PPB Capital Pty Ltd, in respect of 768,000 General Mining Shares (being 0.24% of General Mining Shares outstanding);
    Botsis Super Pty Ltd ATF the Phil & Pamela Botsis Superannuation Fund, in respect of 2,700,000 General Mining Shares (being 0.85% of General Mining Shares outstanding); and
    Botsis Holdings Pty Ltd, in respect of 7,150,000 General Mining Shares (being 2.25% of General Mining Shares outstanding)."

    We should pass 50% tonight once Tribeca have been added and there is a few more retail dribbling in from Monday's post.
    I believe the majority of the vote count at the moment is a positive vote from retail.
    The numbers coming in haven't indicated big enough jumps to have any of the big boys sign over yet.
    The Top 21 has 59%. They now hold the key and could take it past 80% in one push.
 
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