If I was a GWR holder I would be filing any offer documentation from FAS into the recycling bin.
FAS offer GWR nothing except for robbing GWR holders of full control of a potentially lucrative iron ore development.
Would any holder seriously want the merged group with such a ridiculously high number of shares on issue if the offer was off the ground. It would certainly make development fundraising much more dilutionary.
I hope those dissident shareholders get some changes in the board structure and see of this ridiculous takeover.
With some credible management GWR may be a good buy in the future.
todays west aust paper, page-9
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Last
7.7¢ |
Change
-0.001(1.28%) |
Mkt cap ! $24.73M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 7.8¢ | 7.5¢ | $43.27K | 564.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 250000 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.6¢ | 100000 | 1 |
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| Last trade - 15.59pm 26/08/2024 (20 minute delay) ? |
| GWR (ASX) Chart |