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$5.28 galaxy resources limited

Ann: Orocobre and Galaxy Merger - Announcement, page-577

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findinggems

3,125 Posts.

943

28/07/21

18:57

Post #: 54847598
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Originally posted by Nolan78 ↑

I've come in late due to a death in the family and not really paying that much attention to these shares I own.
It looks a bad deal to me. GXY phoned m up recently telling me I should vote yes and I said I like info before
voting.

The directors usually get their way as they own most of he shares so this is likely to go through.
Of the view that might be best to get out. Currently the shares of GXY are at $4.33 or there abouts.
The deal goes through and we get robbed as the ratio comes out at $3.53

So my thinking is sell now well I think sell and put the money into my other two stocks of FMG or PLS.

Expand

It will be 0.569 of whatever the share price of ORE at the time of the merger.

So at the moment:

ORE is at $7.73
GXY = 0.569 * $7.73 = $4.39

So the higher the ORE price, the better deal we get.

GXY Price at posting: $4.41 Sentiment: Buy Disclosure: Held
16 Upvote

3 Great analysis

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