I own GFI and there was comments made during first quarters earnings release that it was interested in making acquisitions only if it would immediately add to their bottom line. Hence my belief it would acquire GSS eventually. Now Yamana, another miner I own, has installed one of their executives on GSS's board. Yamana only operates in the Western Hemisphere. Strange they would be interested in an African miner's internal affairs. Now they have insider information and a board vote. Are they going to make a play for GSS as a means to expand into Africa? Sam Coetzer has done a good job turning GSS into a going concern and now there could be a two or three way race for its' acquisition. And don't count out the Chinese.
As I have posted before, It is still my belief GSS will be bought out. The additional financing was done to clean up its' balance sheet and future obligations. Either GFI or the Chinese are the potential buyers. Nice to see a 52 week closing high today. Looking for a 30-50% premium.