Will they pay much more??

[mjcc]

I did a bit of my own analysis on Eland and I brought Eland at R20 and have been enjoying the ride eversince. I put them at somewhere around R85. It is now rumoured that they could be brought out - do you think they would pay more than the current price - at R120 it seems a bit expensive!!

[barry_1]

Possibly,however they are the nearest to produce,i think in Oct.What happens in a case like this is they they will probably receive more paper than cash(i.e. shares in who ever buys them out.Go to the post on JBL to see my latest analisys.

[deet]

I watched eland's meteoric rise and now am watching the biggest fall since i invested in this share at R28. it is currently at R111. and falling fast.

[mjcc]

I guess once the cautionary was announced everyone went in hard - speculating on a quick gain. The longer they delay announcing the outcome of the talks the more it will probably fall.

[deet]

they ae not selling. I dont know why the cautionary is there, but the talks are not about a buyout

[mjcc]

Why do you think they are not selling?

[deet]

i have heard as much