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ipo from gxy for gmm for mongolia

  1. solution6
    449 Posts.
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    13/11/09
    23:09
    Post #: 5913003
    What is views on this float.
    Quick look at their prospectus looks like a slush fund for the Wanless brothers to travel abroad.
    The mineral wealth of Mongolia is not doubted, but I am suspicious.
    The budget doesnt allow for much exploration & there may be a quick follow up rights issue.
    I'd like to be in on it, but I'm supicious & would like other Galaxy shareholder views.
    40% of offer is being made to GXY shareholders.
    GXY Price at posting: 54.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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