GMM 0.00% 65.5¢ general mining corporation limited

Not sure @shades2 tells me the gap acts as a sweetener....

  1. 6,849 Posts.
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    Not sure @shades2 tells me the gap acts as a sweetener. (paraphrasing)

    I think there will be a lot of GXY holders that may do the same.

    There isn't any reason I can see to decline the offer and worst case it will be a better one.

    Essentially General Mining has joint ventured into Galaxy Resources Sal De Vida by 29%

    The HKSE listing would cover the cost to build SDV and the income from Mt Cattlin will construct James Bay.

    Securing 29% ownership into an asset that can produce a final lithium product is highly profitable.

    Sal De Vida will dwarf the income from Mount Cattlin and James Bay combined.

    I cannot see any reason not to accept.
 
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Currently unlisted public company.

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