I don't hold this shares. Just trying to understand the deal. The scheme booklet has - "If the Scheme is implemented, Beadell Shareholders (other than IneligibleForeign Shareholders and electing Small Shareholders) will receive 0.0619New Great Panther Shares (which will trade on the TSX and the NYSE(American)) for each Beadell Share held at the Scheme Record Date"
Per yahoo finance SP of GPL on 15/02/2019 was USD80c. Therefore, 1 BDR share = US.80c x .0619/.71546 = AUD .0692c
Is this a good deal for the shareholders? What happens if the GPL price goes down by 25 Feb?
BDR Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held
