bear in mind post merger market cap wil be sufficent to see GUJ/INR added to the indices (even allowing for the currently capped free float).
Additionally there will be a substantial upgrade in the contracted coal price over the next 8 weeks (this in part will be contributing to their haste to get this thing done by mid Nov.) with ALL the coal Co's now running (check out GCL) the value of the combined assets will be significnatly above current market valuations.
Dont be surprised if a fund or two is nibbling away (or recieved all the fully paids and oppies the directors have been placing) with a 12 month time frame.
The combined entity wont trade under $1 for very long particulalrly with the only stock to come out being "gifted" or placed with frliendlies.
Finally the indian retail market players in this will want to see a big and FAST return as well.
Finally anyone who was accumulating stcok over the last 2 months when the oppies traded down to 13c will over a one year period be very well rewarded.
So much ofr all the negative talk on HC. or was that with just one end in mind???
DYOR my opinion only.
GUJ
gujarat nre resources nl
