Australia's largest stock trading and investment forum Australia's #1 stock forum

GBG

Click for more information

0.00%

2.9¢ gindalbie metals ltd

Ann: Scheme of Arrangement and Demerger, page-19

First 19 Last

Share
Profile

Follow
Nightmarez3k

6,172 Posts.

247

11/03/19

16:54

Post #: 37723240
Share

Originally posted by Nightmarez3k: ↑

I did some quick numbers

Coda $10M/1500M shares is $0.006 cents plus 2.6 cents is 3.2 cents for GBG.

I guess we stuffed if all big holders accept.

Hopefully they sweeten deal to get shareholder support.

AGO starting price bid was 3.2 cents. It finshed at 4.2 cents.

4.2 cents for GBG would be $40M for 65 percrnt of remaing company.

Coda still gets $10M. Means Ansteel onlh out of pocket $10M. Not to mention they own 35 percent of Coda so only $6.5M.....
Amazing

Expand

i stuffed up the final takeover price was 4.6 cents for AGO.

GBG Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

CNB

Carnaby Resources hits copper at Mohawk, QLD

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

There are more pages in this discussion • 115 more messages in this thread...

First 19 Last

Add GBG (ASX) to my watchlist