Good to see that some people are starting to see the light.
I noticed that DB has continued to buy GDO from yesterday's announcement.
I think that the fundies are now in control of what is to happen with GDO.
The fundies are buying GDO to ensure that they have more than enough shares to offload to the Chinese to ensure that all goes ahead as planned IMHO.
Then watch the share price fly.
Either way the Chinese will be successful in this takeover/strategic partner offer.
If they don't get enough shares from the offer then GDO will simply issue more shares to them diluting all of our shares.
I think that the fundies are trying to minimize that dilution.
I'm also keeping in mind that we have the convertible bonds maturing at around the 13th of December so they will need to inform GDO of their intentions as well. I believe that they have the option of cash or shares? The strike price is 40cents.
GDO Price at posting:
54.5¢ Sentiment: LT Buy Disclosure: Held