GMM 0.00% 65.5¢ general mining corporation limited

News: GMM Galaxy Resources and General Mining to merge, page-4

  1. 6,892 Posts.
    lightbulb Created with Sketch. 2861
    LOL...God I love that movie. Funny that I've seen 3 different movie clips today describing the offer. That says something.

    Hey...A/C...I don't think GMM should have Canaccord as it's adviser here. This all kind of explains why they revised down their price target for GMM a few weeks ago.

    You can't say something is worth 10 and then ok a deal for 9.

    I do agree a merger is best but, 29% is too low...I hope and think you'll see it revised to 32%

    Important to remember that getting 29-32% of SDV is massive...long term this deal must happen as you're just limiting yourself to 50% of 2 smaller project where as you'd have 100% of 3 lithium projects.

    As far as problems go...It's a nice problem to have.
 
watchlist Created with Sketch. Add GMM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.