Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
James, I would appreciate your opinion on timing of entry into the ORE/GXY merger,. Would you suggest doing so pre or post the merger. If pre would you suggest doing so via ORE or GXY (based upon price of each today it looks like ORE is marginally cheaper) Thanks Colin
Hi Colin,
The $4bn merger between these 2 lithium miners will create the 5th largest global player. As you say the best vehicle of entry is a close call but with GXY shareholders receiving 0.569 shares in ORE I would keep it simple and buy the later. However I note after the respective stocks have enjoyed stellar runs MM would be reticent to go “all in” at current levels – we actually took profit on ORE in our Emerging Companies Portfolio albeit a little earlier in the $6 region.
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