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GDO, GOLD ONE INTERNATIONAL LIMITED
abner29
post Posted: Jan 4 2012, 06:40 AM
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In Reply To: abner29's post @ Jan 1 2012, 07:52 AM

FWIW - the GDO funds were credited in my brokerage acct today, 3/1/12. biggrin.gif

 
abner29
post Posted: Jan 1 2012, 07:52 AM
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Anyone literally receive payment for tendered shares yet? Where's the glitch?

 
dayz
post Posted: Dec 2 2011, 09:57 AM
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In Reply To: Boots's post @ Dec 1 2011, 11:07 AM

Yes and I guess until the middle of the year when South Africa's position on Nationalisation gets clarified things may be a little subdued.

http://www.miningmx.com/news/markets/Natio...bed-in-2012.htm

After that I think GDO (if still listed) will start to appreciate towards $1 a share, or a ~400% return on the options at ~ 10c.



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Boots
post Posted: Dec 1 2011, 11:07 AM
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In Reply To: dayz's post @ Dec 1 2011, 09:20 AM

I don't think the men in black will let it run until the offer has closed.

 
dayz
post Posted: Dec 1 2011, 09:20 AM
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GDO now buyers at 55c, so you don't have to wait for xmas if you want to sell.
Very interesting situation, it could break upwards from here.
dayz



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dayz
post Posted: Nov 30 2011, 09:57 AM
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In Reply To: abner29's post @ Nov 30 2011, 12:50 AM

Come on, can someone sell me some more options at 9c please?
I only want to pick up 10000 in total, in case they end up at 5c in a complete takeover, or at 0c if the company is nationalised.
Cheers,
dayz






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abner29
post Posted: Nov 30 2011, 12:50 AM
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Gold One exceeds production estimate By: Esmarie Swanepoel 29th November 2011 PERTH (miningweekly.com) - South Africa-focused gold miner Gold One on Tuesday said that it was on track to exceed its 2011 production target of 120 000 oz of gold.

Production for the quarter ended December was currently around 23 742 oz of gold, with year-to-date production estimated at around 113 569 oz.

The miner said in a statement that the continued build-up of the Modder East operation was progressing well, and a solid foundation had been set for further build-up in production during 2012.

“Our production output to date reflects the commitment and excellence of Gold One’s operational team. The Modder East team has ensured the operation has sufficient mining flexibility to attain our 2011 production forecast and also to provide us with a solid base on which to begin the new year,” said CEO and president Neal Froneman.

He added that the production target expectations were specifically relevant given the company’s deal with a Chinese consortium, which would be taking up a majority interest in the gold miner, in exchange for a A$150-million cash injection.

Under the terms of the offer, should Gold One not achieve its 2011 production targets, the Chinese consortium would have been entitled to be issued with a number of adjustment subscription shares.

“Gold One remains confident that the adjustment subscription clause will not become effective, given that annual production for 2011 is anticipated to exceed 120 000 oz,” Froneman said.

Meanwhile, the miner noted that its exploration projects were also progressing as anticipated.

Most notably, the drilling of the extension of the eastern payshoot at the Ventersburg project was completed during the December quarter, and the results have been considered in an updated mineral resource estimate for the project, which would be released in the March quarter.

The resources would also underpin an updated prefeasibility study, due for completion during December 2011.




Edited by: Creamer Media Reporter

 
abner29
post Posted: Oct 20 2011, 09:32 AM
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First Chinese approval for Gold One investment By: Esmarie Swanepoel 19th October 2011 PERTH (miningweekly.com) - ASX- and JSE-listed Gold One’s A$0.55 a share transaction with a Chinese consortium wishing to take a majority share in the gold producer has received the nod from China’s National Development and Reform Commission (NDRC).

This was one of the key Chinese government approvals required by the consortium and a major condition precedent to complete the transaction.

“I am very pleased that we have reached another significant milestone in this transaction,” said CEO Neal Froneman on Wednesday.

“We understand that the NDRC approval is probably the most significant of the Chinese approvals and look forward to receiving the other approvals,” he added.

Gold One said on Wednesday that the approvals by the Ministry of Commerce and subsequently, the State Administration for Foreign Exchange were on track.

The consortium comprises Baiyin Non-Ferrous Group, the China Africa Development Fund (CADFund), which is also part of the consortium that recently acquired JSE-listed Wesizwe Platinum, and Long March Capital Group.

The Chinese consortium is offering shareholders wishing to exit A$0.55, or R4.08, in cash and plans to secure a 60% to 75% shareholding in Gold One, which operates mines in South Africa.

The consortium, which acquired about 18% of Gold One through the purchase of shares previously held by African Global Capital through Nevada Trading, has injected A$150-million (R1.1-billion) into the company.

Edited by: Creamer Media Reporter

 
dayz
post Posted: Aug 20 2011, 07:59 AM
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In Reply To: dayz's post @ Aug 9 2011, 10:19 AM

Gold is now at 13300 zar, almost 30% more that it was at the time of the 55 cent offer announcement (and still rising...).



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dayz
post Posted: Aug 19 2011, 01:32 PM
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Gold is now going exponential. $5 million is a very small price to pay for GDO breaking the agreement with the Chinese consortium.
They would be mad not to with gold at these prices, I'll be voting against the takeover.

dayz



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