I would have thought so but others on HC seem to have more information than me or the market.
From what is being talked about, a large concurrent capital raising with the merger, it is obviously not a straight-forward share swap into another company. MLI will obviously continue to trade but with a "sharing" of someone elses assets and people.
Emailed to me today from company;
"This will result in Mintails substantially increasing its asset base, gold production and profitability whilst diversifying risk over a larger number of South African based gold projects."
Obviously a tie-up with multi-mine company like DRD but MLI is to continue trading? Sounds like a takeover except we don't get a premium or issued someone elses stock, they get to manage the show and who knows, maybe they get issued a controlling stake in MLI for their efforts?
I really hope we don't come out of this with a share of someone elses aging, high cost assets in return for a share in our large, low-cost, long-life project and get diluted to bejesus in the process. I am just so paranoid about spivs more interested in doing deals and making a quick buck than "grinding" out shareholder value the old fashion way. We're not at the races but building a gold mine and that takes some time and patients. If someone else wants us letthem take us out on market for a premium.
Good luck all.
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GG8
gorilla gold mines ltd
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games up it would seem, page-7
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Last
37.5¢ |
Change
-0.020(5.06%) |
Mkt cap ! $242.3M |
Open | High | Low | Value | Volume |
39.0¢ | 39.5¢ | 37.5¢ | $326.3K | 848.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 89320 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.375 |
4 | 95945 | 0.370 |
6 | 101693 | 0.360 |
5 | 360940 | 0.355 |
6 | 196385 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 89320 | 3 |
0.385 | 139579 | 3 |
0.390 | 50000 | 1 |
0.395 | 100000 | 1 |
0.400 | 243361 | 1 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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GG8 (ASX) Chart |