Hi @HCmbr - that does sound very logical - great explanation:)...

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Minion32

1,058 Posts.

269

14/03/24

09:28

Post #: 72876313

Originally posted by HCmbr: ↑
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”.
GLTALTH
PS: It seems that the "art of the finesse" is alive and well
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Hi @HCmbr - that does sound very logical - great explanation Thanks

I have no idea about these types of board and control maneuvering so that’s a great insight. I think I posted a while ago that there appeared to be lots of maneuvering in readiness of something (had that feel even though I didn’t understand it) - you may be on the money - I hope so lol But yeah I fell in hard (invested ) so along for the ride now with GMN

GLALTH (added the L and T lol Cheers