what is going on , page-50

Jovanco is there any way that you know that hedge funds are shorting this stock ? If so they have certainly picked an opportune time when there is some uncertainty around.

I am not against the deal. The main problems I see is that medium term this will be a dampener on the share price I think until GDO can get into production at the Rand mine and show that they can bring costs down. This is obviously going to be some time off. On the other side of the coin, obviously a takeover of GDO will remedy this medium term perceived sp dilemma and still appears very much a possibility. Also over the medium term further rises in the gold price will make this new project look more attractive.

The only other thing I don't like is the amount of debt there taking on. Perhaps they could have worked up a bit more cash first. The market doesn't like debt.

However as I've said before I reserve my judgement for the time being. For example, this takeover may still be very much in the works. I know some holders would like to hold long term. Personally I will welcome a reasonably priced takeover. There are plenty of other promising gold stocks I would be happy to roll the extra cash over into and/or a bit of spending money for myself. We'll see what happens. Still sitting on .318 average myself after topping up on the breakout at .42 so not the end of the world for me but would like to protect these profits.