GDO gold one international limited

chinese eyeing gold one takeover, page-60

  1. 2,473 Posts.
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    Hi Guys... Point to note is with this chinese company buying a 18% stake shuffles up the other major shareholders eg Baker Steel etc... If there long-term motive was a take-over of GD0, now they have to re-think as a new dogs in the pound, not only in the pound but barking at them by buying a stake at a premium.... They will be thinking and discussing plans the same way we are, dont forget there also will be other parties on sidelines not aboard quietly sniffing GDO previously, they must be on there calculators too crunching the millions...

    Note: with this chinese company taking a stake at a 20% premium to last closing sp shows there aggressive nature, giving a clear intention "we are really interested and want it quick"... there next move could be offering Baker Steel eg. 70-75c for there holding behind closed doors, then it really would be game over for the others... theres so many possibilties.... trading halt on wednesday might be on cards, wouldnt be suprized at all as a few deals might be on the table for the GDO CEO during the easter break, if not the game begins....cheers
 
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