Sorry to reply to my own post, just typing as I am thinking.
Here's a scenario I think might have legs:
MetalsX approaches GLN to buy the Argentinian assets of Galan - fairly chunky premium to market. They get shown the hand by JP. MetalsX gets the hump with the lack of traction/respect for their approach. With the SP in the toilet (12 cents yesterday morning) they start having a crack at acquiring a stake in the company itself. Why pay 234m for part of something that was currently valued by the market at about 70m? If they were the main buyer yesterday they'd already be half way towards a 10% blocking stake or thereabouts.
Energy X offer $150m cash and script, page-84
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.3¢ |
Change
-0.028(18.3%) |
Mkt cap ! $61.71M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $762.2K | 6.245M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 334916 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 75 | 1 |
View Market Depth
| Last trade - 15.59pm 06/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |