GDO gold one international limited

"The Consortium may subscribe for up to an additional 188.7...

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    "The Consortium may subscribe for up to an additional 188.7 million shares in Gold One at A$0.53, should the
    initial subscription by the Consortium and acceptances of the A$0.55 per Gold One share cash offer not
    result in the Consortium achieving an aggregate interest of 60% in Gold One?s ordinary share capital in issue
    on a fully diluted basis."

    Come what may, the Chinese consortium will achieve control. This would prevent a bidding war for sure unless someone come in and offer say 70 cents for the lot. But then the Chinese already hold a strategic 18% and probably can easily buy more since there are many willing sellers to increase their holdings. Basically, I think we are shafted for sure.
 
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Currently unlisted public company.

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