re: Ann: Eldorado and Sino Gold announce Busi... I smell a rat...

re: Ann: Eldorado and Sino Gold announce Busi... I smell a rat here.
Used to have Aurora gold and it was doing very nicely when they were acquired. I sold to the South African takeover men only to find out that those who held out were not compulsorily acquired but eventually received a much higher price.

IMO Sino has lots of blue sky, with a new mine about to be started and the price of gold on an upward trend. I reckon that Eldorado are getting a bargain and wouldn't be surprised if the inherent value of a Sino share will approach $10 before year's end all through it's own efforts and not considering the take over offer.
Eldorado really want Sino, they already own 19.8% of the company and IMO will have to pay more than their current offer, which as others have pointed out have messy tax and ownership implications for Australian holders.
I will not be selling.