This trade is looking good....one Zinco share for every 4.9 Giralia shares (GIR to trade ex-entitlement on 31 July), and one Zinco option exercisable at 25c for every 2 zinco shares issued.
Zinco is currently trading at 43s so any Zinco options exercisable at 25c will be 18c in the money.
I hold 50,000 GIR
Ajax
gir holders to receive free zinc co shares, page-12
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