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I put my thoughts about the pros of a deal in here...

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thecrabpest

2,367 Posts.

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21/08/19

19:07

Post #: 40082562
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Originally posted by Thesi: ↑

When do you think we might see an announcement to confirm or deny the possible leak?

Also, why are A40 holders celebrating a possible 20% dilution?
Is it kinda like the shark bit me, I thought I was going to die but I was lucky to lose only my leg?

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Originally posted by Sjlasx: ↑

At 20c a share it is not a no brainer in my opinion. That would put A40 at a comparison ratio of 1:6.
Why pay a 150% premium with the state of A40's financial affairs.
AIMHO

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Originally posted by yanlin: ↑

Agree that 20c is a premium price.
However, the theory goes that GXY can't pay less than their subscription price within 6 months of that subscription.
I would argue that GXY's participation in the last round of capital raising (alongside Jiangte) resulted in 20% dilution so, one could argue, that a 20% discount to the previous subscription price is acceptable. In that case, 16c per share may be a starting offer price??

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I put my thoughts about the pros of a deal in here

https://hotcopper.com.au/threads/is-a-gxy-take-over-all-bad.4917755/

I can't see many cons for either party to be honest.

GXY Price at posting: $1.20 Sentiment: None Disclosure: Held
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0 Great analysis

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