65. It can't be any less than ME value - even at gold price of...

65.
It can't be any less than ME value - even at gold price of 1200 is 55 at least
Vburg 2 months away from profess is worth 15 Conservatively
Golliath - 6
Plus cash - at least 20
Minus 7.5 cents for CN
Gives me around ......70ish
Now let's not forget if the Chinese wanted Rand that wouldn't detract from the premium but likely add to it.
Here is a thought.
Chinese wanted rand - didnt want to bid themselves as they have clearly much more strength. They agree GDO bids and as proof they will back GDO they invest 75 at 53 almost as a guarantee they will hold up their bargain. Let's not forget rand uranium has a NAV of 500 million

Re the change of control - i think the outcome is this, the do offer a price for acquiring all shares but don't need or go for complete takeover as they are happy to retain I as a listed entity. Those who want to sell do, those that dont, dont have too.
Can't see how the take control without acquiring alithos shares, the only way one does that is by paying a premium