GALIANO GOLD CONSOLIDATES OWNERSHIP OF THE ASANKO GOLD MINE IN TRANSFORMATIONAL TRANSACTION..Nice ...IMHO GAU now moves into one of the most undervalued Gold stocks in the world ...90% holding of the Asanko Gold mine and surrounding Landholdings 5Mtpa Gold plantGAU EPS is going amazing for 24/25Fy min EPS 36c (SP was 60c levels pre ann!!)
Matt Badylak, President and CEO, stated, "This transaction marks a significant value adding event for the shareholders of Galiano, transforming the Company into a relevant, emerging mid-tier gold producer by consolidating one of the largest gold producing mines in West Africa. Upon closing of the Acquisition, Galiano immediately doubles attributable gold production and will further increase this to an expected average of 240,000 ounces per year over the life of mine. The transaction structure results in a strongly accretive acquisition and galvanizes a significant rerate opportunity for our shareholders. This includes Gold Fields, who continue to be a supportive shareholder through an increased share ownership In Galiano."
STRONG BUY ... nothing on the ASX GOLD sector comes close ... if GAU was listed on the ASX it would be seen as hugely undervalued to peers ..
GAU Market value after the deal with Goldfields moving to 19.9% holder of GAU shares
