Very low, but two things to consider.
GXY is $1.25 right now not $2.50 and A40 we talking 20cents not 40cents, so in a script deal ratio would be similar to what it once would have been between the companies.
The attraction is that we would have to hold the GXY stock this isn't some payday, if your thinking only in terms of a payday you have your head in the clouds.
This would be a transition to a position where we can see some things via fines/tantalum/drilling play out alot quicker and benefit everybody involved, as opposed to currently nothing happening on any fronts for A40.
The sticking point would be SGX would people there want asx listed stock I have to say no, depends on circumstances, I dare say old tribecca may well have been trying to force through something like this using the threat of admin as a big stick to make it happen.
Really comes down to them making and offer and stating a case if they want it, give people the facts let them decide, if enough sgx holders have had enough you never know.
"Galaxy could be readying to make a play for struggling Alita," - Let's Just Wait & See Shall We?, page-9
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