Trading halt?, page-72

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GCar

14,128 Posts.

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28/08/17

22:17

Post #: 26819976
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Originally posted by GCar ↑

But surely a hostile takeover requires shareholders accepting an offer...? Would we accept 700m for the company..? Doubt it. 100% premium on that...? Doubt that too.
I trust AT and co to get a good deal sorted and am sure that they will. I don't agree that someone could just buy us out for USD 400m... The market cap is based on the obviously-manipulated point end of the trade as it stands today.. As long as there are a lot of holders (including the insto's of course) that won't let go of their shares for 2 or 3 bucks, then no chance we will lose the company for peanuts.
I strongly believe that the future for GXY is very bright indeed, and the way the EV and energy storage space is shaping up, there's only good things to come. I can't see where all the batteries are going to come from! The maths shows it clearly.. Lithium demand will explode uni and there are not enough capable producers to supply the stuff.
The deal is brewing and I am sure the faithful will be rewarded when it comes through! Imo!
Cheers

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Ps. When I said that I trust AT and co to get a good deal sorted, I meant a funding deal for SDV, not some takeover deal! I reckon the best thing for GXY is to push ahead and develop these three great assets and grow us into a major producer... With a share price in the double-digit-dollars! And then continue to grow via acquisitions etc too!

GXY Price at posting: $1.75 Sentiment: Buy Disclosure: Held
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