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20.0% 0.4¢ citigold corporation limited

Ann: GML: Directors' Statement re Takeover , page-8

  1. siameseparrot
    24,765 Posts.
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    31/08/09
    22:54
    Post #: 5579146
    re: Ann: GML: Directors' Statement re Tak... Bluestone posted:

    "The GML board has to reject the CTO offer at current CTO price level. Which is good as I dont want CTO to take over GML and have my CTO shares further diluted. Gold is rising and CTO is "on the cusp" so I am just waiting now."

    My comments:

    Bluestone, you see the CTO offer as being bad value for CTO shareholders, while the GML Board sees the offer as being bad value for GML shareholders as they "unanimously" recommended GML shareholders "reject" the offer.

    Both of you can't be right!

    Now if bets were open, who should Hot Copper members put their money on - Bluestone or the GML Board?
    CTO Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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