I guess a better gauge of the incoming share price is the WGX offer. 3:11 for 251m GCY shares = 68.5m WGX shares @ $1.90 = $130m offer.
Spread that over FFR+GCY at 356m SOI = 36.5c/share. Surely this is the support short term?
Just spitballing, but if WGX keeps the offer standing, but now diluted, Deutsch Balaton win with their 5% FFR holding as well as their 23% GCY holding, so maybe they are willing to accept a lower offer. We know Delphius was happy for 4:1, maybe they settle for the lower 37c/share. Likely most FFR holders take the money and run, that is a double win, up from 10c pre merge offer to 12c on merge to another gain with WGX, so that could be an easy 25-35% of GCY+FFR votes for WGX. So WGX could have an easier run to 50% post merge but with a lower offer per share..
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Last
$1.42 |
Change
-0.035(2.41%) |
Mkt cap ! $1.580B |
Open | High | Low | Value | Volume |
$1.44 | $1.45 | $1.42 | $1.643M | 1.148M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 8477 | $1.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.43 | 50340 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 9676 | 1.420 |
15 | 100595 | 1.415 |
9 | 60484 | 1.410 |
2 | 12800 | 1.405 |
9 | 110358 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.425 | 41566 | 4 |
1.430 | 60486 | 7 |
1.435 | 26374 | 4 |
1.440 | 89176 | 5 |
1.445 | 47046 | 1 |
Last trade - 11.00am 02/09/2024 (20 minute delay) ? |
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