Jana.
You will not be accepting a bid @ 36 for SGL. Think multi-dimensional, that is today's price only!
If it goes ahead you will have ONE board running TWO companies (in theory) which reduces costs. You have a strong and confident board running the assets of QGC well now, who can now run the assets of SGL to their potential! This equals more value.
So for example, if QGC is trading at $1.20 in 6 months time - isn't that more like 60c per SGL share? what if the combined entity is @ $2, or more? Think of tomorrow - not today!
SGL has traded from $1.17 to 24.5c in just 15 months - instead of growing! It wasn't below 30c for no reason!
If it does not go ahead - good luck to SGL for the future. Maybe a new board can retain some of the lost value. If it does go ahead - think of the combined values, synergies etc. and see if it will have a positive impact on your hip pocket!!!
Just as a thought, what if the two companies combined could reach a value of $4, $5 or $6 in the future with a solid asset base and income - you have got to like the sound of that??? A combined entity like this with huge resources will also attract a larger pool of institutuional investment also.
SGL
ricegrowers limited
Jana.You will not be accepting a bid @ 36 for SGL. Think...
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##