Nothing new...and on top of the lies. Can I start by saying that Renova was not mentioned once? Even if the offer was only 10M more, that is still a 14% increase over Gold One's offer, so where does Management get off claiming there were no other offers? On top of that...I have to admit I am confused, AngloGold did financing in July 2011, and then a month and a half later FIU put the assets on the market for sale? Why would AngloGold have accepted this, by any-one else's standards the legality of doing this is borderline at best, because FIU should have been forced to tell AngloGold that they were in the process of reviewing possible options, one being selling the company. So why would AngloGold buy shares at 0.60/share, and then be okay with being told they are going to lose the majority of their investment a month and a half later? The obvious reason being that this was all orchestrated, from the 0.60/share finacning all the way through to the sale.
I cannot wait to get this asset sale out of the way so we can move on to management.