I get the impression that the shareholder vote about whether or not to go ahead with the 'takeover' will be a resounding 'yes'.
Reason being due to the nature of the buyers on the large volume going thru from the trading halt to when the offer opens. I think the buyers will have been and are going to be :
1. Those that are happy to sell their shares for 55c to Bidco when the offer period opens. (Even those who are not concerned about the fundamentals of GDO or gold, but are only concerned about there 55c at offer).
2. Those that are happy to stay in Gold One and have the Chinese consortium as major shareholders.
I think those that are not happy with the Bidco offer will be more likely to have already sold or to sell when the offer opens.
Thats my take anyway
GDO Price at posting:
50.5¢ Sentiment: None Disclosure: Held
