You seem to have seriously misunderstood the merger ratio as per...

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28/07/21

19:32

Post #: 54848378
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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.

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You seem to have seriously misunderstood the merger ratio as per the above posts.

Your galaxy shares will simply become ORE (MergeCo) shares, at the rate of 569 for every 1000 GXY shares held.

Forget the $$ price, it is effectively irrelevant.
The 2 stocks are currently tracking at this ratio (give or take a few cents).
You don't get $$ upon the merger, you get ORE (MergeCo) shares.
Your $x,000 worth of GXY shares will simply become $x,000 worth (the SAME) of ORE (MergeCo) shares, as the ratio (0.569) will/should remain in place until the transition, imo.

The REAL question you should be pondering is this:
Will MergeCo deliver future returns that align with your risk profile and investment horizon...?
You will need to compare this to the other companies you mention.

Good luck.
Plenty of info here if you look hard and ask good questions.

Cheers

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

1 Great analysis

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