GCL gloucester coal ltd

Price is up again today. Six days in a row now. I think the...

  1. 223 Posts.
    Price is up again today. Six days in a row now. I think the market likes the merger transaction, though major shareholders seem to be a bit miffed about potentially being watered down and losing their controlling position in GCL. My view is that the reasons given in the merger announcement are compelling and the bigger entity will be significantly more attractive to holders over the next few years as the production profile increases, project pipeline is stronger and cash position is strong.
 
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Currently unlisted public company.

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