Gutfeeling Agreed on all fronts . I have kept turning over the figures in my head in terms of minimum value I simply can't for a second fathom an offer less than 65. ME with ZAR gold is worth alot presently so even if we discount this to a much lower spot - thats 55 at least there vBurg - let's be conservative 10 Golliath 6 71 cents Add cash 3 cents Add all other assets Inc modder north,( prefeas) reserve upgrades pending - add 5 cents Minus CN 7.5 cents That gives me 72 and I welcome any challenge to my valuation figures. Now I know many HC posters didn't like rand but I we assume this was bought with the blessing and assurances of the Chinese we can say it neither adds or detracts from value, specially since it has even been finalised So 65 to me seems a logical minimum as it allows the Chinese an acquisition with plenty of upside. Now what I find interesting is the "landmark deal" commentary. This makes me think either a very attractive deal or a structure that is unique . Having said all this I go into the trading halt confident I own part of a company that the Chinese want and should be willing to pay for.
GDO Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
