GDO gold one international limited
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chinese move to 44% even if no-one accepts, page-3

  1. ThinkinLoudly
    3,813 Posts.
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    16/05/11
    10:02
    Post #: 8403985
    I've not digested all the data yet but is there any sound reasoning as to why GDO needs an additional $150m capital... last time I looked we had $210M funding for Rand and therefore short $40M, Modder East was churning out cash at a rate marginally less than it was churning out gold; 12 month advance faces cut ... bugger bugger bugger!

    The only good news...IMO 55c is a floor and anything less is an arbitrage opportunity!
    GDO Price at posting: 43.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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