First of all, thanks for the discussion, both pro & con its been very interesting.
I'd have prefered GDO had left the rand investment and to have sat back and watched this waltz its a way to $1. I felt a guarantee'd 200% was staring me in the face,
But such is such,
So from my reading a lot of the value in this takeover is based on uranium production. I think U prices will increase again, and with it favourable U sentiment - so I'm wondering are the U economics good here.
Compared against other upcoming U hopefuls is the takeover good price value (minus whatever the gold is worth).
If this is a great U project then I'm probably not unhappy with the aquistion as it gives me gold and U leverage.
If it is a so/so U prospect then I think its a shot in the foot and I might start looking for another gold miner.
Any thoughts would be appreciated
GDO Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held