AZX 0.00% 28.0¢ auzex resources limited

GGG up strongly in London today - 37.25pI calculate that this...

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    GGG up strongly in London today - 37.25p

    I calculate that this results in a 17% bid premium on an EV basis to AZX and a 36.6% premium on a straight market cap basis. At this rate the takeover is a lock.

    Once GGG lists on the ASX the valuations will trade closer in line, its too much of an arb right now. Logical thing to do is to keep buying AZX.

    Unless the AZX board pull a rabbit out of the hat its a done deal.

 
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Currently unlisted public company.

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