Interesting to see the wording of the statement refers to "not meeting its investment goals" which is a direct reference to the clause in the PDS which allows the directors to change manager/shut down the fund. Assuming the fund is now mortally damaged, the outcomes are : sale of book to a bank (at presumably less than NAV), run down of book over period of derivatives (at presumably less than NAV given that counterparties know Goldlink is on the ropes). But given the share price is probably less than half the NAV, its probably not bad value
- Forums
- ASX - By Stock
- shocker
GLC
goldlink growthplus limited
Interesting to see the wording of the statement refers to "not...
-
- There are more pages in this discussion • 3 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 GLC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online