GDO - Gold One International

[noco]

From what I understand the offer opens on the 22 June and closes on 21 September (unless extended), so I *think* that means the target share period is within those dates? I could be completely wrong.

In conversation with One Gold, they advised the offer of 55cents is optional. You do not have to sell if you don't want to and furthermore it has to be approved by share holders at a special general meeting.

The Chinese are after 75% of the issued stock.

I expressed my concern if the Chinese hit 90%, share holders could be forced to accept their offer of 55 cents. There will be no cap on that 75%.

The directors will recommend you sell at 55 cents for one reason or another.

I am refusing to sell and I hope other shareholders do the same.

I believe these stocks are under priced.

 

[noco]

The Chinese now hold more than 90% and yet the share price has almost doubled in one week.

Does somebody know about an offer by the Chinese to buy out the remainding 10%?

I have noted the price has stalled at 22 cents with lots buyers still seeking this stock.

 

[System]

On January 30th, 2014, Gold One International Limited (GDO) was removed from the ASX's official list following the compulsory acquisition of the Company by BCX Gold.