creative100 - for the shareholder i think we will be bought out as the company states in the anns.... When they control 51% with 325mil, its easier to buy out the other 49% for a premium (im sure Mr Foreman knw what kind of premium we will be offered otherwise he wouldn't state us being bought out)... then Baiyon will put GDO as a private company in its 10 billion existing portfolio..
GDO resources are worth over billion $$ alone.. then u have to add on a low cost producing mine... so even being conservative, GDO value is around that 1.2-1.5bil according to other aquisition being made...
So GDO MC is approx 400mil, which Baiyon own 75mil... so all the others holdings worth 325mil (which is us and other shareholders), so if we are offered $0.75-80 share which i believe most will accept & go through... so thats another 480mil for Baiyon + 325mil they spent already = 800mil Total for GDO and Rand combined...
So this way Baiyon gets Rand and GDO for 800mil or 850mil if they sweeten the offer to approx 0.90...( they would have had to pay billion++ for a agressive T/O of GDO alone, here they get Rand and GDO together for 800mil otherwise would of been 2 billion combined)
Share holders get 50-60% return frm current sp....eg 0.75-0.90c
so win win for both parties in one way.....
GDO Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
