OBS
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0.00% 70.0¢ orbis gold limited

65c offer

  1. ryrie12
    428 Posts.
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    04/11/14
    11:11
    Post #: 14232553
    If the world goes to crap, Semafo's 65c cash bid is legally binding if shareholders choose to accept it. The offer is a nice backstop to have, offering a 30% arbitrage return. My feeling is that the in-country producers in Africa will pick off Orbis, knowing that shareholders could accept the bid.
    OBS Price at posting: 49.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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