For heavens sake every man and his dog here knows that GGG is listing on the ASX. Its on the asx website under upcoming floats, with date TBA. Based on what GGG management has told me this will be before the end of may. The only thing that matters for AZX shareholders is whether the tax office will give rollover relief to the takeover which should be a moot point as they have done it in just about every other takeover.
I don't approve of poison pills as they hold back returns for shareholders and just keep management in where frequently a takeover would be a good thing for the company. What people should be wondering is what is AZX's share price going to do without the takeover now the gold price is down and the AZX board only wants to drill with one rig???
Bullabulling is a good project and deserves a bigger drill program in my mind. I really don't mind who runs it but splitting it between two adversarial management groups is not going to get it valued at a premium.
AZX Price at posting:
66.1¢ Sentiment: Buy Disclosure: Held