Forum Archive Index - November 2003

[Marilyn Munroe <who.c@res.co.nz>]

It seems that GRD is to spin off its New Zealand gold mining interests. The 
principal asset is the Macraes gold mine in Otago.

Read more:

        http://www.sharechat.co.nz/markets/news.php/NZX/GRD/item/94732/A

Also;

        http://www.context.co.nz:8080/stories/storyReader$1260

Sharechatters with a good medium term memory will recall the controversy when 
GRD brought out the minority shareholders of the old Macraes Mining.

I can recall much tut tutting about the methods used by GRD to steamroll 
minority shareholders into accepting a deal which was against their 
interests.

In the fine tradition of securities regulation in Aoteroa, both the 
sharemarket surveillance committee and the Securities Commision sat on their 
hands.

I would advise prospective investors to poke the offer document with a sharp 
stick when it appears in their mailbox. It may contain harmfull creepy 
crawlies of Australian origin, who will attempt to take advantage of their 
trans tasman cousins.

Boop-boop-de-do Marilyn

PS I wonder if the material contracts part of the offer document will contain 
some interesting reading.

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