Goldplat Takeover Rumours (GDP)

Also DRD shares bounced 20% from the lows, the higher this goes the more feasible a takeover

Martin Ooi is in effect a block on a bid, and I don't think he will take 10p. I know he is excited about the prospects. A lot of the value is in the TSF and no bid will come in till all the permissions are in place. Once they are then I can forsee DRD offering GDP the option of a processing deal or a takeover. GDP does seem a good fit for DRD. The fact that DRD is supplying material to GDP indicates that.

"The response to irrationality is not to be irrational." Well said! PS Re a share buyback, not sure if any M&A lawyers here, but doesn't Rule 9.1 of the Takeover Code say that one has to actually purchase shares to trigger a mandatory offer, not just get pushed over by a share cancellation?