trading halt, page-13

I kept going back to the speeding ticket on 31/03/2011. It says potential change of control transaction which if it were to proceed, could involve an offer to acquire all shares on terms and conditions yet to be determined.

The fact that they are discussing, this is a friendly takeover. Again, 'control' is very important to the suitor as it want to avoid a bidding war. And why is that, the suitor recognise the great potential of GDO and is serious about wanting it at a fair cost.

So, in any serious and friendly takeover talk, I very much doubt the suitor would insult the management by offering a ridiculous low price and expect management support. Also, there is an AGM coming up soon after and honestly, if I were in Neal's shoe, there is no way I would accept anything that would make me look foolish especially if I had been touting to the market how undervalued GDO has been.

So, this is what I believe. Make a good and realistic offer once and for all (this is probably one of the main term and condition set by GDO) and we will support you to the end that you will be guaranteed control should there be another predator about (this would be term and condition required by the suitor). And I therefore believe the purchase of Rand Uranium has two fold. One, the suitor wants it. Secondly, the cost of this purchase would allow the management to issue necessary shares to suitor to give them 'control' should the need arise.

So announcement would probably be like this. Management announce intention to issue certain number of shares in return for the money required to pay for Rand Uranium. The number of shares issued plus whatever the suitor already hold will make it the major shareholder (message to potential rivals - 'STAY OUT'). And since they are going to be the major shareholder, oh well, they decided to buy up the rest of you for say.....???/share (the price would be landmark deal).

That is my final take of the situation. Over and out.