Haha… glad you liked my thoughts on the offer I hold both so I don't think it is going to affect my LT position, however i would have thought 2:1 was a fair deal.
My concern/read is this is the 2nd step in 3 step dance orchestrated by the closely aligned boards. The first step being the JV deal which as many have agreed, looks/looked too good to be true for GMM. Now the merge and the third step being a bigger fish taking the both with one bite.
Makes sense for the two to become one and SDV is a big upside for GMM holders but it is still an undeveloped resource and is realistically 2-3 years until we see production ramping up.
Do we know when the revised DFS for SDV will be released / Will it be prior to the merger deal being finalised ?
- Forums
- ASX - By Stock
- GMM
- News: GMM Galaxy Resources and General Mining to merge
News: GMM Galaxy Resources and General Mining to merge, page-6
-
-
- There are more pages in this discussion • 8 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
Add GMM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online