Good to see Vburg featured prominently in preso lined up with modder east. Vburg pre feas due out in June( a couple of weeks away) may be the catalyst for alternative bid. We have around 6-8 weeks I would suggest to have another bid. Chinese capital injection doesn't happen until July so up until I think another bidder may emmerge. Looking at the numbers, GDO is very attractive even at 65 cents. I will be surprised if we dont have further interest and the boards approval of the Chinese offer is conditional on now superior bid.
GDO Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
