I disagree. Firstly the dilution is minimal - an extra 12% of shares on issue with an extra $30M to add to the market cap. And secondly, if they had waited until selling the LiCo3 to make money and then proceed - they wouldn't be in the position of being the worlds largest pure lithium play - maybe another company would have taken over Li1 - or maybe they would become too successful and hence expensive to buy out. I just think we need a couple of months patience and after this takeover is done and dusted we'll see a re-rating. I'm surprised the shares are trading this low but it's no use fighting the market. GXY now has even greater potential because of Iggy and the board - I understand short term the market doesn't agree - but I think that will change.
- Forums
- ASX - By Stock
- GXY
- hk listing - no more!
hk listing - no more!, page-5
-
- There are more pages in this discussion • 3 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
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin