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Ann: Orocobre and Galaxy Merger - Announcement, page-589

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Suzygs1000

1,043 Posts.

289

29/07/21

11:35

Post #: 54865486
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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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Not sure what ratio you're using but, at the moment, ORE is at $7.89, which values GXy shares at $4.49, using the .569 ratio, so you must be using an incorrect ratio ....

GXY Price at posting: $4.49 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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