GAU great australian resources limited

twenty million shares

  1. 3,321 Posts.
    lightbulb Created with Sketch. 17


    You may recall GAU farmed out Liberty Mining and the Cambodia propects to Transol Corporation earlier this year for 20m shares at 4c, 10m 2c options, some cash and the assumption of debt.. a transaction of around $2M or so.


    Is there any thoughts or words on if the GAU board are supporting the Transol bid to issue 30% more shares at what appears to be a third less than the price paid to GAU in Feb?

    the near 7% is a reasonably sized blocking stake and investment....soon to be 4% if GAU dont participate.


    cheers.





 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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