A)wrong. i accepted the offer at a healthy 115% profit. i watch it now more out of curiosity as an ex holder interested in its fortunes. and because it was good to me.
but i didnt like the deal, so i moved on.
"The Chinese are not in the company to see its share price decline by too much."
no one is champ!! but that doesnt mean it doesnt happen... many a sophisticated investor have invested in companies only to see their share prices crumble.
it is not a given that the SP will rise just because the chinese see value in it, as we all did.
simply, this is not as risk free as many claim, and neither is it a no brainer.
im not questioning its fundamentals. i think they are strong. but that counts for nought. its what the market thinks that counts. and she hasnt been to kind to gold juniors regardless of record POG. there is sumthing in that...
GDO Price at posting:
54.0¢ Sentiment: None Disclosure: Not Held