Hi Invest23, Frstly, if you were to say have 1,000 shares of GXY at $3.60 a share, currently the value of your holdings would be $3,600 and current share price of ORE at the close is $6.24. So your holding once converted to ORE shares would be worth 569 x $6.24 = $3,550.56. There is a small loss on the transaction but this is pretty small. So really it would be in the best interest of GXY shareholders that the share price of ORE appreciates more so than GXY. But in reality these two shares will I believe not move too far apart from here. Just an example why this is probable, can you imagine if the shares of GXY rose to $8 and ORE only went to $7? Your Existing GXY shares would be worth $8,000 but if your shares were converted to ORE shares they would only be worth $3,983 under the current proposal and certainly would not get the support of GXY shareholders. Hope this helps. Cheers.
GXY Price at posting:
$3.60 Sentiment: Buy Disclosure: Held
