1. a) Very soon (May/June was pegged by Tse earlier).
Great for GMM. SDV is and will be already propelling our SP too.
b) Yes.
c) Most Definitely. You could call this the major rationale of this merger deal.
2. The YES vote will very likely dominate.
Read this bit of the offer document again....
"a 90% minimum acceptance condition, which (at any time prior to Galaxy receiving acceptances representing 80% of General Mining shares) can only be waived with the consent of General Mining;"
If acceptance of the offer reaches 80% I believe the ASX rules are that GXY would have the right to de-list GMM from the market anyway. GMM hold-outs could be left without a market to sell into. Not that they would, but in that "NO" situation the liquidity and future prospects of the share would completely change. For the worse.
In the event of it going "NO" - GXY would likely control enough of the shares that no other company could succeed in purchasing enough shares to ever do the same.
Don't count on another company swooping in right now. The contracts that bind their assets may be too thorny to pick apart for a third party right now.
Its likely to be GXY or bust and this clause above looks like the conditional acceptance can get waived anyway.
The market doesn't really get to decide GMM's value independently any more.
GMM value is pegged to the GXY sp.
That fixed value ratio is a golden thing.
Explore your opportunities here fully and best of luck.
GMM Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held