Vote Now!

or at least by this Friday, 8th and IMO vote AGAINST (you can do this online www.investorvote.com.au )

for the reasons I have given earlier. I would also add:

- sp at 6c mkt cap is A$104M. My estimate of NPBT for FY19 is A$74M (156,000 x 1275-930 / 0.72)

- IMO cash flow will cover debt payments and end 2019 with A$35M+ surplus net cash generated (based on BDR debt schedule)

- when GPL made their offer in September they valued their bid at 8.6c/BDR share ( A$144M) so if the bid succeeds they will gain a 30% discount.
So to be fair GPL should at the very least increase their share offer from 0.0619 GPL share per BDR share to 0.0887 GPL share to allow for this drop in the value of their offer.

DYOR