Looks like GMM may crack $1 soon. I hope so. Will be very...

Looks like GMM may crack $1 soon. I hope so. Will be very symbolic and one for the history books. I have been doing the sums on the 1.65 and accumulating more. Suitor is getting much of the limelight and also running hard. GMM looks capped on the ratio from running too far ahead though.

Holders not pro the future structure have had plenty of time to cash out. Sellers drying up. That would leave a lot of holders remaining who are pro the deal.

Ominous sign when a board unanimously recommends. Holders usually follow. I don’t see where the resistance point will come from. In terms of value and returns holders have been rewarded handsomely and future structure looks very attractive.

Some questioned the joint structure from the start. Smart cookies though would have worked out this was coming. All in all some very good business moves here. “Very accretive” Mr Tse & Mr Fotios.