They don’t need Spain period
- The Villas “acquisition” is at a $6mm AV ($3mm for 51%) versus appraised value of $0.4mm and DM acquisition cost of lower. It’s 15x+ fair value! And it’s not even actual ownership or control, merely an earn-in. GGG is obligated to spend the full $3mm even if the first $1mm of drilling is inconclusive. The terms are outrageous and shareholders may have a legal case against the board and the company that did the fairness opinion.
- Company doesn’t need to own another asset to be listed. And if one were required, then one would do a global review to identify the best opportunity (not done) or pick up any license on the cheap, least of all a low-grade prospect owned by a director in mining-unfriendly Spain
- The pay raise and option milestones stink.
Appears Welsbach is doing a Trojan Horse takeover of GGG to access its $$$.
Clear as day
They don’t need Spain period- The Villas “acquisition” is at a...
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ETM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $30.89M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $37.78K | 1.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1510902 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 50951 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ETM (ASX) Chart |