Interesting and I'm not sure what the GCY's directors obligations are in terms of disclosing the original August Non Binding Indicative Offer (NBIO) from WGX. A very similar situation is currently occurring with KIN - SBM made a NBIO to KIN and it was rejected by KIN on the basis that it 'would not have been approved by the requisite 75% voting majority of Kin’s shareholders.' The NBIO was disclosed by KIN to the market in their ASX announcement dated 07 October. Coincidently, both KIN and GCY have large German shareholders who appear to be holding out for higher bids.
GLTA & DYOR
Ann: Update on Westgold Offer and Proposed Merger with Firefly, page-28
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Last
$1.21 |
Change
-0.050(3.97%) |
Mkt cap ! $1.339B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.19 | $10.75M | 8.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20660 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 30800 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |