do baiyin really intend to buy our shares?, page-8

I was thinkin the same thing Septa. That Baiyin may not be able to buy too many on market because it might push their holdings up over 20% until the official time period begins or something to the effect. However I also don't know the laws or ins and outs in this regard.

Perhaps also they might wait to see how many people take them up on the 55c offer before they buy on market. Perhaps they dont want to get stuck with more than 75%. Also smugpunter, It should be noted that it says Bidco can subscribe to new shares at 53c if the production targets at ME are met and they are left with less than 60%.

As for me. I'm selling out. I will be happy to sell on market at something closer to 55c but not for 50c like at the moment. I'm happy to hold some cash at the moment but I also feel there are a lot of other generously valued and promising gold stocks out there at the moment given the price action in many of the ASX gold shares over the last few weeks.

I don't see another bidder coming in. I am neutral to positive on Bidco coming in because it has ensured an elevated price at this point in time and as I reckon there are a lot of good gold vehicles on the ASX.

Good luck to GDO holders and to those who plan to stay on with GDO.