GBG 0.00% 2.9¢ gindalbie metals ltd

PALKS,You have a substantial holding evidenced by your...

  1. 61 Posts.
    lightbulb Created with Sketch. 22
    PALKS,
    You have a substantial holding evidenced by your receptiveness to RDD. (me too).
    $1.50 does seem to allow for a lot of good will.
    Most buyouts apply pressure to minimise this component, I would.
    My gut tells me that Ansteel would be unlikely to go for full ownership. Not enough in it for them.
    At the moment they have:
    (soon) a controlling interest in Karrara,
    a substantial interest in GBG (2 board seat) meaning no
    surprises,
    a credible Australian interface for a three billion dollar
    operation guaranteeing them supply for 30 years,
    a blueprint for the Australian government to massage the
    selling the farm movement.

    Question...why would they payout 3 billion dollars for full ownership?

    ps genuine question

    U
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

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