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https://boards.fool.com/but-no-diamond-joe-flew-over-to-watch-the-footy--12376445.aspx
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| Subject: Re: Perth Gold Conference | Date: 4/10/2000 8:52 PM | |
| Author: jono202 | Number: 1299 of 6186 | |
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But no Diamond Joe, flew over to watch the footy & flew back before the conference Takeovers, who's buying tiger funds 11% in Normandy? The latest hedge fund to collapse still owns a large swag of Normandy (NDY) – I can only presume that the fund has been a forced seller these past few months. Normandy itself has just announced a radical restructuring aimed at simplifying its structure and raising liquidity for future investment in gold. It must now be odds-on that this remaining stake will be sold en-bloc to a single highest bidder (Anglo American?) who will then get rid of Normandy's CEO, Robert Champion de Crespigny and seek to break up this highly complicated yet valuable company. I don't expect much more than $1.50 per share over the next year or so which still represents a 60% gain from the current 90 cent share price. From Egoli full link http://www.egoli.com.au/sofaer/sofaer.asp |
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