As you say a takeover is unlikely because of the wording of the announcement.
As Abacus noted there was very positive trading activity before the trading halt was called - the largest volume of shares turned over in 12 months and a the share price rose more than 10%.
This leak would have caught the company on the hop and hence the trading halt has turned into suspension. The announcement says a "trading halt is requested due to the company making an announcement relating to Mt Cattlin project update and future financing arrangements."
Accordingly I vote for a resource upgrade / big player or strategic investor getting on board. If it is a capital raise then they will have some good news so we want to give them money.
I am pretty relaxed about GXY and will look forward to the announcement.
- Forums
- ASX - By Stock
- GXY
- gxy speculation
gxy speculation, page-2
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)