Hi @Minion32,
Thank you for letting me know who to un-ignore (for a short time only). Now I see that the explanation given by the ignoree is obvious, but trite IMO.
Regarding the announced disclosure, my interest is the reasoning of MARS. Especially as GMN now has an MD in common, but 12 months ago did not ( ASX ann 16/03/2023 ).
Yes, the transaction was styled as a loan, but implemented using trades, with CGT implications.
So looking at announcements 12 to 18 months ago we can see that :
MARS became aware of GMN's interest in its tenements in Brazil.
1 MARS became aware that it might use its tenements to become a major GMN SH.
MARS BOD became aware that they might also become major GMN SH.
2 To materialise these possibilities, strength of "control" is required at the BID/ASK and in voting. In both contexts an adequate holding is required. "Borrowing" shares is a way of achieving this. The two arms of this strategy was "well established" by July 2023.
IMO the timing of "un-winding" of this "loan" yesterday has everything to do with gaols that are no longer part of any strategy in GMN or MARS (they have been achieved), but is also CGT aware.
.The CR announced last week ($0.0037) effectively supports today's SP ($0.004). But more importantly enables GMN to potentially transform itself from a "seeker" to a "significant finder" of several critical minerals in several tenements in Brazil.
All for AUD9M.
Hold that thought.IMO events are ready to unfold. Think Trains . . . think “Toot-toot”.
GLTALTHPS: It seems that the "art of the finesse" is alive and well
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