GDO 0.00% 30.0¢ gold one international limited

68c is my call... closest to the pip? , page-50

  1. 20,391 Posts.
    lightbulb Created with Sketch. 1990
    Soooooo true 1914. They are use to thinking LT with their 5 years plans
    bTW - ZAR gold at 10515 new record and margins for GDO would be swelling at increase is due to falling rand and string gold.

    One more article.

    By: Brindaveni Naidoo
    13th May 2011
    Updated 3 hours ago
    TEXT SIZE
    JOHANNESBURG (miningweekly.com) ? ASX- and JSE-listed Gold One, said on Friday that the Australian bourse has granted the trading halt of its securities, until it announced a change of control transaction.

    The company, headed by CEO Neal Froneman, told Mining Weekly Online that the transaction could involve an offer for all Gold One shares.

    Gold One has been in talks with Chinese groups, including Baiyin Nonferrous Metal, which bought up more than 17% of Gold One?s stock at A$0,53-a-share this year, about an offer that could value the company at more than A$420 million, the Australian Financial Review reported.

    Gold One?s Ilja Graulich told Mining Weekly Online that he was unable to comment on the possible acquisition of Gold One until next week.

    A request has also been made to the JSE to halt trading of securities, which would continue until the release of an announcement or until trading started on both the JSE and ASX on Tuesday.

    Gold One, which has made an offer of $250-million cash for Rand Uranium, increased its production by 21,9% in the March quarter to 26 188 oz, largely attributed to the continued increase in stoping and development at the flagship Modder East operations.

    The company's other operations include the Sub Nigel mine, which is used primarily as a training centre, and the developing Ventersburg project.
    ?

    Edited by: Mariaan Webb


 
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