As you say a takeover is unlikely because of the wording of the announcement.
As Abacus noted there was very positive trading activity before the trading halt was called - the largest volume of shares turned over in 12 months and a the share price rose more than 10%.
This leak would have caught the company on the hop and hence the trading halt has turned into suspension. The announcement says a "trading halt is requested due to the company making an announcement relating to Mt Cattlin project update and future financing arrangements."
Accordingly I vote for a resource upgrade / big player or strategic investor getting on board. If it is a capital raise then they will have some good news so we want to give them money.
I am pretty relaxed about GXY and will look forward to the announcement.
- Forums
- ASX - By Stock
- gxy speculation
As you say a takeover is unlikely because of the wording of the...
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online