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$5.28 galaxy resources limited

Ann: Orocobre and Galaxy Merger - Announcement, page-545

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Stephan90

4,105 Posts.

1004

23/07/21

22:59

Post #: 54735672
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Originally posted by igorot72: ↑

My take on your ?s
-vote yes or no. my gut is we are smaller players, the majority of the big town investors would approve it -like its a done deal. So for me i don't even bother voting - as always i know this stuff are just formalities.
-this is not a takeover but its a merger. for every 1 GXY share you get 0.569 share of ORE, so if you have 1000 GXY then multiply .569 , that will give you 569 ORE shares . After this merger a new name will be created.
-so your 20k GXY once merge completes will still be worth 20k but it would be on the newname "MergeCo" (GXY & ORE will no longer exist )
-No impact if you do nothing. The value of your GXY holdings will be the same.
-Anything else?, enjoy and relax as this lithium EV is "starting to kick in..." GL

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The market is already pricing in a successful merger, because it is very likely to happen with over 61 % institutional ownership of Galaxy. The market doesn't wait until the vote is over.

GXY Price at posting: $4.38 Sentiment: None Disclosure: Not Held
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