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