So the initial low-ball opportunistic Nordgold russian offer did seem to flush out a slightly less low-ball opportunistic Shandong chinese offer. Seems like a case of better to be robbed at knifepoint than robbed at gunpoint?
The consensus seems to be that Shandong are perceived to be getting a steal ($46 per Oz in the ground) so would have no reason to sabotage or blow up their own offer? So then it becomes a matter of if anyone else (including Nord or any other major gold miner) is going to come in over the top with a superior offer? And the clock is ticking for any other potentially interested parties, and they only have approx 14 days to do something.
Not quite the massive gain I had expected for the risk taken, but I guess with the CDV board recommending the offer and a no shop no talk clause it dosen't look likely that there is going to be a better offer? Personally - I hate "no shop no talk" clauses - they have cost me a lot of potential gains over the years. Would you agree with that statement
@nordesmic?
As
2ic says - "14 days wait is a no brainer" for those that do hold CDV but the problem is if people want to wait longer than that, then other parts of gold explorers/developers and miners are possibly running so hot at the moment that you could be missing out on other great opportunities in the meantime.
Like a lot of other here - still got my WAF holdings so still have some more upside, even if Shandong do succeed at stealing this off us.
