GLI goldlink incomeplus limited

proportional off market takeover offer, page-19

  1. 19 Posts.
    Hi rosswill

    Its hard to say. I think the board are in a difficult position. This is because the offer is good compared to current market prices but also delivers control to a party without a full bid being made to all shareholders. Also I think the premium to NTA is weak and that will be another issue the board will probably have something to say about.

    The NTA is around 21 cents. The extra 2 cents is small beer to get control of the $28M in cash that is in the bank.
 
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