Some interesting facts around Gold One International and why the Compulsory Acquisition @ 30 cents Australian is not satisfactory for remaining shareholders.
1. ARTICLE:'Very savage' economy masked by resources boom Robin Bromby - March 25, 2013 12:00AM
....Gold and uranium may be out of favour, but this does not deter Hartleys; it expects the share price of Gold One International (GDO) -- which has both -- to go from the present 25.5c to 67c, with an accumulate recommendation...
2. Email correspondence re: HK Listing. 19 March 2013 – Grant Stuart – VP Investor Relations
My question was: “I was wondering if there is any update in relation to the Hong Kong listing and how that was tracking.”
Response Grant Stuart: “The short answer is yes, the HK listing is still on the cards and probably about 18-24 months from where we sit today....
....We would like to report two solid quarters of performance and then will be in a good position to start marketing in anticipation of the listing”
3. Selective Buy-Back in April 2013 A selective buy-back of up to 16,537,078 Shares from Key Executives at a price of A$0.55 per Share, and otherwise on the terms and conditions set out in the accompanying Explanatory Memorandum.”
4. Email correspondence re: Decline Share Price. 06/13 - Grant Stuart – VP Investor Relations
My question was: “How are things, you addressed one of my queries re HK listing couple months back, thanks again. I guess since then the share price has continually headed south, just wondering whats in place to tackle this?”
Response Grant Stuart: As I am sure you are well aware we are majority owned by 1 major shareholder (>89%) This has a direct impact on the available liquidity (shares traded on the ASX or JSE) In fact if I analyse the volumes traded during the first quarter on the ASX and JSE, shares traded were less than 0.003% and 0.11% of the respective issued share capital. Below is a history of the insignificant volumes traded on the JSE over the last week (the company has 1,416,538,989 shares on issue, of which 1,363,932,404 (96.3%) are held on the Australian register and 52,606,585 (3.7%) are held on the South African register) Share History - Gold One International Ld
Date Close High Low Volume
18/06/2013 175 175 175 10,000
14/06/2013 189 189 165 48,958
13/06/2013 162 183 162 26,000
12/06/2013 162 177 162 37,100
11/06/2013 177 180 177 60,000
10/06/2013 180 195 180 12,573
07/06/2013 180 185 180 82,388
06/06/2013 179 195 179 143,176
05/06/2013 181 181 181 10, We do have intent to resolve the liquidity issue and that remains the Hong Kong Listing. The company continues to review the timing of a listing on the Hong Kong Stock Exchange. This is anticipated in the next 12 -18 months (market conditions dependent) In the interim the Gold One Group will remain focussed on building up the Modder East Operation to steady state production, sustaining the turnaround performance at the Cooke Underground Operation and growing production at the Randfontein Surface Operation. This is going well and our next update on quarterly performance will be reported at the end of July.
GDO Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
