gdo plan acquisitions on back of maiden profit, page-33

Agree Sep.
Buying is the easy part, for me at least.

On a side note, there is an arbitrage play with the GDO sp right now. If you look at the charts, the two sp run together, however the JSE sp is stronger.
The aussie is the one to buy right now. (or JSE to sell)

As far as M&A for GDO, forget it.
Why? - We need execution of current projects, not distractions.
2) The market wants to see the momentum with ME continued and the sp will be higher to reflect this in the mid term as long as focus and results are forthcoming.

2) There is little cash to throw around.
Focus on tightening the belts and pulling cash from ME for now and build reserves.
Vent will take serious $$$ and manpower to bring to fruition, should they become bored or loaded with cash.

3) Let's not forget they are messing about with WWR. We don't need another acquisition, for now anyway!