unusual market evaluation for both GCY and MGV - realistically GCY are worth double than MGV on assets alone, plus a management premium is deserved.
I think MGV will get a slightly better offer but they are sitting ducks. A GCY + MGV merger where MGV management walk, maybe with glenburgh and Egerton would be ideal. 1 + 1 = 5? but then you've got all the egos in the background including the tembos and deutch balatons etc.
regardless this are heating up in the Murchison
MGV Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
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