Which ASX listed gold miners have you invested in?

So Nordgold sends out a 15 page or so glossy booklet outlining their offer and Shandong sends out 2 A4 pages in B&W stapled together. That’s a much more significant expense on Nordgold’s part isn’t it?
 
mmm....shiney! said:
So Nordgold sends out a 15 page or so glossy booklet outlining their offer and Shandong sends out 2 A4 pages in B&W stapled together. That’s a much more significant expense on Nordgold’s part isn’t it?
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By the time I received Nordgold's glossy publication (x 2 because my CDV holding spreads over 2 separate accounts), Shandong had already outbid them. o_O So a big waste of time and expense it was.
 
wrcmad said:
By the time I received Nordgold's glossy publication (x 2 because my CDV holding spreads over 2 separate accounts), Shandong had already outbid them. o_O So a big waste of time and expense it was.
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what do you make of that if anything? Poor preparation on Nordgold’s part? Just unlucky? Situation normal in these cases? Maybe a bigger commitment to come? Or suck up the expense?
 
I thought the delay may have been due to Auspost snail-pace delivering to regional areas.
But then I started to wonder why they bothered at all?
Of course SG was going to counter, so the glossy print would never have mattered.
I put it down to either Nord being caught with their pants down in a moment of arrogance, or strategic PR to try and appear committed enough to turn Shandong off another counter.
Not sure which one?
 
wrcmad said:
Just an idea I acted on.... on Fri morning I tripled up on CDV at $0.59. This is a move straight out of Rene Rivkin's playbook from back in the day when I used to read his Rivkin report.
The timeline for T/O better offers is 2 weeks. There are several possible contenders for a counter-offer, and predictions are a final outcome of 70-90c.
The current floor price is 60c, so there is no risk.
Worst case scenario in the absence of another bid is 60c, or 1.7% return on my 59c.
If another bid only comes in at 70c, then return is 18.5%.
At 90c, return is 52.5%.
Depending on how long this takes to play out will determine final annualised returns. But if it is only 2 weeks, then annualised returns like this for ZERO risk are hard to beat.
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Well, this has played out well.
This morning's counter-offer at $0.90 by Nord is at the top end of the expected bid-range.
Currently >50% return in 10 weeks - equivalent to 270%pa RISK-FREE.
Shandong will hopefully raise from here, and returns will get even better. :)
nordbid.jpg
 
Just speculated on SVLOB........get out while you can because whenever I buy a stock....the only way is down, down.
 
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