GGB - ASX price 40c - gbpaud @ 1.5155 = 26.5p
GGG - UK price 32p - gbpaid = 48c
local price trading at discount of 18% to its main listing
shares o/s 165m after raise of $8m, cash now apprx $28m
mkt cap using uk price - $80m
bid value for AZX 7 for 5 - using last nights close that equals 67c equivalent for Auzex
my feeling is this bid looks dead in light of Baker steel turning it down.
What does make sense is a merger, which is what they should have done in the first place. Tell the corporate financers to take a hike and swallow the egos and get a deal done.
GGB - ASX price 40c - gbpaud @ 1.5155 = 26.5pGGG - UK price 32p...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
