GMM general mining corporation limited

Maybe the transaction is not going ahead as the difference...

  1. 4,922 Posts.
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    Maybe the transaction is not going ahead as the difference between fair market value of lithium and fair market value of gmm are a long way from each other. You can manipulate a share price but can you manipulate what the Chinese is willing to pay for nmt lithium?

    My maths from the previous post:

    $19.5 million *2 = $39 million (50% share based on nmt)

    $39 million less $7.5 million upfront payment = $31.5 million

    Current market cap pre deal = $8.5 million
 
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Currently unlisted public company.

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