GAU great australian resources limited
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limbo what now???

  1. techcoat
    1,858 Posts.
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    12/08/09
    11:58
    Post #: 5497059
    SLV takeover missed the 90% acceptance by 0.08% thats 106K shares in round figures, out of 132M shares.

    This has left the 10.02% of GAU shareholders in LIMBO!!!!

    SLV cannot compulsory acquire the rest, they may have to lift the offer so that they get those last 10m shares.

    Bet this has pi--ed the directors right off, seeing tha SA Metals shareholders had an acceptance of 95%.

    GAU could be worth a punt at 10-12cents IMHO
    GAU Price at posting: 10.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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