Just a query as to how the conversion of shares happens, do we vote or is it automatic etc. Also read is a few other threads this wont change the date shares were purchased in regards to capital gains tax, is this correct?
Also what is everyone thinking on the deal of 1.65 GXY shares per 1 GMM share. Thought it it was a bit low but unsure exactly what each company is giving up/offering in long term scheme of things.
Have held the shares since october last year and was waiting for the 1 year CGT thresh hold to kick in before selling, so hoping the merger wont effect that or the long term price.
Thanks
GMM Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held