GDO 0.00% 30.0¢ gold one international limited

Ann: June 2011 Quarterly Gold Production , page-16

  1. 1,616 Posts.
    A second bid will not happen.
    The Chinese with there 17% (probably more now) would vote against as would the board. One of the directors told me this.

    Let me repeat that so we can be clear:
    THERE WILL BE NO SECOND BID

    GDO might still offer returns for investors, but it's just tainted with too many options for the chinese if things don't work out (ie. ME doesn't hit target) and the board stands to make a packet.
    The Chinese are after more than 60% of the business.

    The business was clearly undervalued earlier in the year...now it has many risk for a similar reward. POG I believe will still rise...and it would want too for GDO holders. I'm happy to let this one go...if the SP flies from here so be it, the company no longer fits my criteria as does probably the same with Auto. So RMV to say he is getting out early is incorrect, the business basically no longer fits the criteria alot of us investors were in this one for.

    Good luck with your holding, there is no doubt value here if they can bring costs of RU down and get all projects up and running.
    For the time being I'm happy to be a spectator on this one.

    Thanks GDO for the profit ;)
 
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