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GIR - Giralia Resources

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Takeover offer from Atlas valued at $4.57 per share baed on either full amount in Atlas scrip of Atlas scrip plus 50c cash.

These guys were about 40c during the height of the GFC. Not a bad return for those who had the kahunas to hold
 
prawn_86 said:
Takeover offer from Atlas valued at $4.57 per share baed on either full amount in Atlas scrip of Atlas scrip plus 50c cash.

These guys were about 40c during the height of the GFC. Not a bad return for those who had the kahunas to hold
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its knocked ago a bit, initially anyway
my small handfull has progressively grown well. this will muck up its grt graph.
not sure of synergies, but i guess with ago being a producer its got to be good.

its a better deal than that wham bamb lot who made an offer on frs n brm.
 
Loving it. The offer for GIR let me get back into AGO after locking in profits a few weeks back.

The merged entity will be a $2.5 Billion IO company and clearly the next up and coming major behind BHP, Rio and FMG.
 
grace said:
I have this one stuck on my mobile - just to remind me each day how dumb I was to let it go. I think it is time I stopped punishing myself.:):):)

It has been a great run with the Gorilla. Always had so much potential - just took the market to realise it, eventually.
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:banghead::banghead::banghead::banghead:
What a fool I am. Logged in and wasn't sure where I was there for a minute with all of Joe's artwork! Amazing run for the gorilla. After studying the fundamentals, I sold this on technicals. What an idiot....the faithful will have a smile and rightly so! I just can't wait to see what they will do with eeraheady.....massive potential.
 
Oh dear, not another one... :(

I did hours on this little puppy and pulled out before the vinegar stroke. Ouch. Again.
 
outback said:
Ye Ye Yes YES Yes YesOh God I'm Yes Yeeessssssss

Sorry Kennas :cautious:
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No No No No Nooooooo!!

Yes, well deserved. :eek:

I ramped this as much as I could allow myself and sold when I thought it was fairly valued.

About $2.50 ago... :(
 
kennas said:
No No No No Nooooooo!!

Yes, well deserved. :eek:

I ramped this as much as I could allow myself and sold when I thought it was fairly valued.

About $2.50 ago... :(
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I had them 1 week ago. It served its purpose as part of a pair trade.

Would have been a fantastic xmas present if the trade could just last a bit longer...
 
kennas said:
No No No No Nooooooo!!

Yes, well deserved. :eek:

I ramped this as much as I could allow myself and sold when I thought it was fairly valued.

About $2.50 ago... :(
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Oh No... Sorry Kennas, sorry Grace!... after all your hard work here :(

... for once - after about 3 or 4 attempts with GIR - I got the timing about right. buying back in a month ago... didn't get round to posting the fact. I was looking fwd to holding forever this time well beyond $10!!... and lo and behold Atlas comes knocking.

Can't complain though...sadly what I'll make back here won't make up for what I lost first time around... but maybe Atlas will. - so thats the next big decision - Is atlas going to be worth putting in the bottom drawer?
 
Dukey said:
Oh No... Sorry Kennas, sorry Grace!... after all your hard work here :(

... for once - after about 3 or 4 attempts with GIR - I got the timing about right. buying back in a month ago... didn't get round to posting the fact. I was looking fwd to holding forever this time well beyond $10!!... and lo and behold Atlas comes knocking.

Can't complain though...sadly what I'll make back here won't make up for what I lost first time around... but maybe Atlas will. - so thats the next big decision - Is atlas going to be worth putting in the bottom drawer?
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Well done Dukey. At least you got some money back on it. I first invested in GIR some 4 years ago for the uranium, then the iron ore later. I think I put a good two weeks into studying the deposits as there were just so many. The Directors went around in the 90's picking up all of the best of the deposits when mining was on the nose. I never thought they would mine the stuff, just drill it up, spin it off with IPO after IPO. Sadly, I have made losses on GIR I think on three different transactions. My timing was always bad with this one. I will learn from this though - believe in your own research and stick with it. GIR was one of my first speculative investments sub 30cents back in 2006.:) If only.....
 
What chances that HAO and AJM get mopped up by AGO also in this round of M&A? There has been some increased volume already so maybe.
 
TheAbyss said:
What chances that HAO and AJM get mopped up by AGO also in this round of M&A? There has been some increased volume already so maybe.
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First of all, well done to all GIR holders. I believe the new AGO/GIR entity will be a market leader in years to come. The exploration of GIR ties in very well with the excellent knowledge that AGO holds in relation to the actual extraction of Iron Ore.

I am sure they would be keen to get their hands on AJM's 30% holding in the Mt Webber project, especially if the resource gets upgraded as i suspect it will. I don't think they would go after the whole company, because there are a lot of parts of AJM that wouldn't 'gel' with AGO.

If they were willing to pay the right price, i am sure AJM directors would be happy to offload it to AGO. The company's directors have been very open in admitting that they aren't necessarily interested in Iron Ore, and would use the funds from the sale of Mt Webber to invest in the core focus of the business which is South East Asian Coal.

The new expanded Mt Webber project contains a huge resource base, so why wouldn't AGO want to own 100% of it
 
grace said:
Well done Dukey. At least you got some money back on it. I first invested in GIR some 4 years ago for the uranium, then the iron ore later. I think I put a good two weeks into studying the deposits as there were just so many. The Directors went around in the 90's picking up all of the best of the deposits when mining was on the nose. I never thought they would mine the stuff, just drill it up, spin it off with IPO after IPO. Sadly, I have made losses on GIR I think on three different transactions. My timing was always bad with this one. I will learn from this though - believe in your own research and stick with it. GIR was one of my first speculative investments sub 30cents back in 2006.:) If only.....
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Yeah - I watched GIR for quite a while & missed plenty of good buying opportunities being fully invested in various CSG stocks, then finally bought in and down she went! Have said that some of those CSGers went OK . didn't they :)! That sector seems to be having some major hiccups lately though.

wouldn't it be lovely if GIR found another suiter like PES.

Just the same - on first glance AGO looks the goods. The two seem to be a prefect match. Interesting that AGO went down yesterday I think.

this announcement (top one) is worth a look.

http://www.atlasiron.com.au/IRM/content/investor_presentations.html
 
I actually never thought GIR a takeover purely for it's IO due to all their other deposits and investments. And, I initially looked at it for it's uranium. LOL

Having looked at the combined companies assets, it's a great marriage.
 
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