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GCar is correct. I am wrong. Phantom77, you will receive at the...

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RareEarths

257 Posts.

51

25/07/21

03:35

Post #: 54750193
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Originally posted by Phantom77: ↑

Thank you for taking the time to explain this.

i own $10k shares in GXY - therefore in theory - I am not be financially better /worst off after the merge as I will own $10k ORE shares.

It interesting to know that once the merger is completed - the new MergeCo will have the sp of ORE but higher overall market cap due to more shares.

Some on here think the sp may go down.

I would have though if the merger is successful - with economies of scale and improved efficiency and lower operating costs - sp would appreciate to reflect these new benefits. What are your thoughts?

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GCar is correct. I am wrong. Phantom77, you will receive at the currently set 0.569 - 569 ORE shares. Sorry - just not thinking.

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