OT for galaxy
mate, wise words indeed.
U said "It's a very odd situation having a company that investors have shares in but they cannot dispose of them on market. That would have to piss a few of them off surely. "
Background: TAW started on the sth African exchange some time before asx list. The africans got it going as a diamond explorer and it was still trading on the Johannesburg exchange till last year. When the alliance merger was announced they were told "no worries, come for the ride". When the Alliance/Tawana merger and dual list occured (asx & sgx) those african owners had their shares forcibly sold and are no longer shareholders.
Next part is Cowan: Lots of small shareholders are currently on the register of cowan due to the small $$ holdings they held in TAW. They have already been told that they will, possibly, also get thrown away when cowan asx lists with a forced share sale. Sorry mate, I put 1 too many words into that least sentence - you should remove 1 word from that last sentence.
cheers
- Forums
- ASX - By Stock
- GXY
- Banter and General Comments
Banter and General Comments, page-9098
-
- There are more pages in this discussion • 11,934 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online