The MOU suggests Shenghe will assist in the obtainane of funding.
I doubt it will eneter into funding themselves. Could be wrong.
The MOU suggests an acquiring of a 60% stake in the company. I may be wrong but Im not sure if that means in the tenement or the infrastructure. I suspet its shares.
Even if it had a 60% of the shares on issue. Corperate takeovers are very hard from that position. They do have infuential voting rights. But that would remain in the best interest of the company profits. Not sure if the final agreement would allow that degree of control anyway or they can modify it.
However even at 60%. Corperate take overs are very difficult to do. They need to get a good 80% of the remaining 40% holders (all current) to agree to a price of sale. Im not about to take a cheap price under true worth and neither, I suspect, are any of you. People tend to think they can just bully minority holders out and thats not the way it works. So we are pretty safe in getting a very high rate of return off current SP levels.
GGG Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
