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2.6¢ gindalbie metals ltd

Ann: Scheme of Arrangement and Demerger, page-29

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mr_delta

9,235 Posts.

565

12/03/19

08:17

Post #: 37727624
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Originally posted by anthony09: ↑

Does anyone remember a Chinese lady based in Sydney buying mountains of GBG when they were under 1 cent. Perhaps voting power was being purchased. This investor purchased a massive holding. With the directors votes (if they are eligible to vote) I fear the result is already known. I will vote no because I too hold large portion from the days when Gindalbie was a fantastic prospect. Now, for me it is nothing more than an expensive learning curve or bad investment story. Well played Chinese corporates, poorly played Australian management. And what sort of ratio of shares are we going to get for this new (currently unlisted) company?
Someone has posted they are in no rush to sell. Im the same. Ill vote no and ill hold, only in the hope that in 20 years time this is more than a tax write off.

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yes, very clearly... that was during the time when GBG was trying to get some uranium dumping ground rights around 2015/2016 (???)... I don't follow the Top 20 in GBG much so not sure if he/she still holds or got out... those were some 9 digit purchases of GBG...

GBG Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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