"I agree its not quite risk free in light of the dilution, possible SH rejection (not likely I know), also the buried clause with more free shares should targets not be met, opaque intentions of buyer, 10% seems like a fair premium to me:
More free shares if targets not met is irrelevant. By that stage the Majority Buy out is finished
Only real risks are (if I have read correctly) ASX sub 4000 or gold sub 1200 USD There is a reason why there is an 8 million buy order at 50.5... This is free money
GDO Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
