Anglo Gold Cash Rich If AngloGold Ashanti has all these billions of dollars:
https://www.marketwatch.com/story/anglogold-ashanti-q1-earnings-double-to-429m-approves-19bn-growth-projects-2012-05-10?reflink=MW_news_stmp
Then why didn't they place a starting bid of .45 for all the shares they didn't own so shareholders would know where they stood.
191M shares (already own 47M) x .45 = $86M cost
$86M + $320M debt = $406M-$70 (sell Ezulwini) = $336M.
For the same price as a starting point they may have been closer to acceptance than they are now.
I guess they just aren't serious enough or they figure shareholders are stupid.