Australia's largest stock trading and investment forum Australia's #1 stock forum

GMM

Click for more information

0.00%

65.5¢ general mining corporation limited

Ann: Change in substantial holding from Galaxy Resources,GXY-GMM.AX, page-13

First 13 Last

Share
Profile

Follow
Upstart777

3,794 Posts.

212

25/07/16

13:00

Post #: 18358533
Share

Originally posted by brotherprinter ↑

I think you may have jumped too early. I am still topping up and expect GXY to head towards a $1 once the merger is complete and the funds start taking a serious interest. The only slight risk for GMM holders is if they do not accept the offer and get stuck in a death zone i.e. between 80 and 90% acceptance. The merger will not be complete, in practice GMM will be run as a subsidiary of GXY and there will be little or no demand for GMM shares. This is an unlikely scenario as the acceptance is likely to go past 90% but tardy GMM holders should be aware. Looking forward to more good news coming soon.

Expand

Received a prudent reminder letter from GMM this morning.

Accepted weeks ago, but it's good to see they are pro-active with their endeavours to ensure the deal goes ahead.

It's up to everyone to play there part, like you say, I wouldn't want to be stuck in no-man's land.

Not long to go now.

GMM Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

HotCopper Highlights: Your most watched stocks for Week 48, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

There are more pages in this discussion • 12 more messages in this thread...

First 13 Last

Add GMM (ASX) to my watchlist