Why would any GBG shareholder accept the deal?
The price of iron concentrate has just hit US$130.02/tonne or AUD $188.70
GBG management should update the market immediately as many shareholders may not realise this and this is a market sensitive situation that should be addressed prior to voting.
If the GBG management don't make an announcement about the considerable increase in the iron ore concentrate price after the Aquisition Scheme Booket was released then there'll be a case for a Class Action. GBG Management are fully aware of the increase in the concentrate price and if an announcement isn't made then there is a strong case for withholding market sensitive information during a takeover.
I suggest if GBG Management are reading Hot Copper then I suggest you make an announcement pronto.
GBG Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
