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AngloGold Ashanti Ltd. Message Board

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  • gunshow2000 gunshow2000 Mar 31, 2006 10:18 AM Flag

    When is Anglo's offering of AU?

    Late next week and you're out of your mind if you think that its anywhere near $60. Initial indications are in the $48 to $50 range. They're selling about 20 times the daily volume and about 20% of the float. The stock will be below $50 when its done and move up from there. The underwriters are putting a bid underneath it now to keep it propped for the road show next week. I'd sell this little pop and buy back next week cheaper.

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    • Done deal.
      Good call gunshow...

      Damage estimate:
      16.3M sh for AAUK
      3.9M sh for bankers
      9.97M sh for AU
      30.17M new shares @~$51.25
      $1.546B USD

      264.94M #shares previously outstanding
      11.4 %haircut from new shares.

      I'm surprized this hasn't fallen further. You could be right about the basket underneath.

      When was the last time this company made money selling gold (instead of shares)?

      Good luck all
      -ale

 
AU
10.00-0.02(-0.20%)Oct 20 4:01 PMEDT

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