win/win

OK reading the article today I see two possibilities and I like them both
1. Balyin and GDO are now locked in TO negotations and as the article says 53 is a starting point. This view is further backed up by Neal Foreman going on the record to say it is likely to be theor first move
2. Balyin will not launch a traditional TO, but rather inject capital, qcquire more shares through placement. CN etc to take control and help grow the business
3. Any deal likely to be accreditive to the intial 53 cent purchase


The negotiaions are real that I can comfirm. I would guess the preference for most SH is to be bought out at a premium whether 60 cents 65 or 70 etc. I personally dont mind either way as log as the deal done recognises a value for the GDO shares of at least 55. For example if the issued CN at a price of 55 aud or close to 60 USD that would partly fund the rand unranium purchase ( lets say for 210 million USD) with no current dilution, and potentially very limited dilution then that would eliminate the debt risk some have.

in the end I think the outcome of these discussion which ARE UNDERWAY will be value adding to anyone buying shares at these prices.