Can someone please enlighten me on the situation if the sp of both stocks change more than the ratio of 0.569?
For example (The example below gives a ratio = 0.714) therefore to get 0.569 - GXY holders will lose out. ORE sp = $7 (by mid August) GXY sp = $5 (by mid August)
Therefore is it better to own ORE stock?
Also, after the merger - what will the sp be ? Will it be the combine of the current 2 sp (i.e. $7.69 ORE + $4.38 GXY= $12.07)
Does both ORE & GXY holders win equally from the merger? Say - i bought GXY shares before the merger at $4.38 - then after the merger my holdings is now worth $12.07?
Sorry for the dumb questions - as i am new to mining and mergers. Can someone explain it with examples and numbers?
GXY Price at posting:
$4.38 Sentiment: Hold Disclosure: Held
