Just wondering what you guys think about this stock? Production on target, quite a few director buy ins in the last few days... however they announced share issues today. down by about 3.5%. good buy at 0.32/share?
Quite a few good news have led to GDO SP falling instead of rising. Some discussion on aussiestockforum saying that "The reason Modder East now has a longer life is the addition of the more marginal ores, as opposed to a finding of more high grade quality ore. The high gold price allows GDO to process the lower quality ore later on, increasing the NPV of GDO, but obviously not changing the game much today." "Not a good look for if/when there's a decent correction in POG. Anyone hanging their hat on lower grade and more expensive ore to mine will naturally get hammered. POG is continuing to find very good support and will probably keep running until the printing presses stop. But if the printing presses stop and the USD survives then these new developers of marginal projects which are low grade and relatively high Opex will turn to dust." "Technically GDO is not in a good place and fundamentally it is not either. It cannot at the moment generate enough cash to pay off its debt (80% of assets) and I cant see that situation improving." However i still think GDO is a good buy as long as gold holds around 1300$. More about if they can meet their production targets this year. They had some debt issues but then again... thats pretty normal given the title of junior miner plus a lot of it had to do with regional issues which have been resolved. if gold does hit 1500$ or above this one will fly. EPS 7cents if they hit production targets.
Gdo fell to 0.29 after a bad week for Gold and worries about flooding in South Africa. Report released today that its not affected by the floods and far from it. Quarterly production results are coming out on Monday as well.
yea. i think their cost per oz is only 400-500$/ounce. Even if gold lost its shine in the short term ( America's is "supposedly" recovering) as long as gold holds at 1200$ and they meet production expectations, 0.30/share is a steal.
December production report just came out. Looking good! On track to 120k oz target and costs below 500$ per oz for the year.
Hobo and ALL.. GOLD ONE IS A HOLD, nothing under 2$ PS is in my opinion and from previous take overs acceptable. Having said that, i attended their Pro Active investors in Melbourne and i believe this is a excellent attention seeking market stunt to get people to notice them. JUST MY OPINION Away GDO has only one WAY UP UP UP UP UP UP UP
Substancial moves after 15:00. Care to sure where you heard about this Chinese buyer? Edit: Never mind, found it on Bloomberg. http://www.bloomberg.com/news/2011-...uities-anglo-platinum-bhp-gold-one-kumba.html
"The acquisition of a 17.7% stake in Gold One International by a Chinese consortium on Thursday may be a prelude to a takeover of the Australian and African gold producer." http://www.businesslive.co.za/Feeds/inet/2011/04/21/chinese-eyeing-gold-one-takeover
Anyone have any thought regarding the latest info from GDO? Had a nice pullback over the last two days.
Im investigating this stock at the moment. Talk to me about Goliath Gold - that is where most of the ounces are and GDO holds shares in the company, but the ounces are not theirs. Yeah? This company has JV everywhere and I cant really work out what they own.
Trading Halt pending announcement of a 'Change of Control transaction'. http://www.asx.com.au/asxpdf/20110513/pdf/41ymppmxxb5zv3.pdf Could also be the Baiyin Non-ferrous Metals Group doing an outright buyout. I am picturing a group of Boer Afrikaners trying to learn a few phrases of Mandarin... Then again the White Water Resources acquisition was scheduled to be finalized on Friday the 13th. http://www.asx.com.au/asxpdf/20110505/pdf/41yh33h5wpdl7z.pdf Mentions GDO will trade under a new name 'Goliath Gold' (GGM) on the Jo'burg Stock Exchange. Its basically the two companies' shares consolidated. Theres also the Rand Uranium deal underway too. No mention of a new ASX code yet.
Looks like Baiyin has gone all in for GDO. http://www.businesslive.co.za/incoming/2011/05/13/gold-one-could-be-valued-at-r3bn-in-chinese-buyout The financial daily says the Chinese offer could value Gold One at Aus$420 million, which is about R3.1 billion. Gold One's market value is Aus$347 million on the ASX and R2.7 billion on the JSE. It noted that it was currently assessing "a potential change of control transaction for the company", which, if it were to proceed, could involve an offer to Gold One shareholders to acquire all their shares. At the time that the Chinese consortium bought its initial stake, Gold One CEO Neal Froneman told BusinessLIVE that the move "could be their first step". Froneman was not available to answer calls on Friday. Gold One's Johannesburg office confirmed he was on a return flight from China.
Are we saying this is going to be a straight buy out at about 0.53c? Surely there will be more incentive for shareholders than that?!
Cash offer of 0.55c per share - pretty measley http://imagesignal.comsec.com.au/asxdata/20110516/pdf/01180828.pdf What does everyone think? Wait for a better offer?
Baiyin and Consortium is representing some seriously BIG capital, namely the Chinese state-owned foreign investment fund.
China accumulation program marches onwards... gold standard bitches... The east has always been the economic center / world order, we are just returning to the norm.
