It is still necessary to remember that if GMD is where it is today, it is also thanks to the shameful episode of the acquisition of DACIAN and its resources. DACIAN was led by the incompetent R. Williams, who was succeeded by the equally incompetent L. Junk, incapable of developing DACIAN, despite its perfectly decent potential and resources, something of which R. Finlayson was fully aware ! The result was a "cordial" agreement between Finlayson and D. Richards, the new and last CEO of DACIAN, with a takeover bid at a price deemed "fair and reasonable" of around 7¢ (and a director position at GMD for Richards...!). Why a shameful episode, simply because a few months later, the compulsory offer for the balance of the DACIAN shares was estimated just as "fair and reasonable(!)" at around 28c, or 4 times(!) more than the takeover bid, but with the same resources and the same potential, all this without J. Longo and ASIC reacting of course!
GMD Price at posting:
$3.65 Sentiment: Hold Disclosure: Held
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