"they could simply buy GXY outright without outlaying much money at all given it's trading not much above cash backing"
FACT:
This would require a take over offer that would in turn require holders of +75% of GXY shares to accept. Unless you think someone can just buy all SOI at the current market price, or that any attempt to buy everything on market wouldn't shift the price substantially.
Yes, talk about "fantasy", indeed !!
GXY Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
