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EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect

Member Info for friggy

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Member Since: Mon, 23rd May 2011

Number of Share Chat Posts (all time): 28
Number of Share Chat Posts (last 30 days): 0

Last Posted: 22 Jul '13

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22 Jul '13

...when threats are made. And all of a sudden trading resumes! Not sure I'm happy or sad though. Will see at 8am
7 Dec '12
Seems like things are moving...I suspect that the internal investigation will be very negative...
5 Nov '12

UPDATE 1-Bumi receives Nat Rothschild counter-proposal

Mon Nov 5, 2012 8:21am GMT

Nov 5 (Reuters) - Miner Bumi Plc has received details of a proposal from co-founder Nat Rothschild that would provide an alternative to a $1.4 billion plan outlined by the Bakrie family to dismantle the coal mining venture.

Bumi - founded to years ago by Rothschild and the politically connected Bakries two years ago - said on Monday its independent directors and advisers would consider the proposal.



However they would not make any recommendation until an independent investigation into alleged financial wrongdoing at its Indonesian operations was "appropriately advanced".

Bumi's board is receiving advice from investment bank Rothschild, which is not directly related to Nat Rothschild. Monday's statement gave no detail of the new, alternative proposal, restricted by confidentiality agreements.

Reuters reported on Friday that Rothschild was in talks with new Indonesian investors including a contender for the country's presidency, former general Prabowo Subianto, on a plan to counter the Bakrie offer.

Prabowo and brother Hashim Djojohadikusumo are in talks with Rothschild, a spokeswoman for the two told Reuters on Monday. She said Rothschild was understood to be holding talks with other parties in Indonesia, but gave no further details.

Rothschild set up Bumi with the Bakries two years ago, when the politically connected family injected Indonesian coal assets into a London investment shell created by the financier.

But their relations have since soured, sparking public confrontations, most recently over an investigation into potential financial wrongdoing in Bumi's Indonesian assets, as coal prices tumbled and the London-listed firm's shares slumped.

Tensions came to a head last month when the Bakries announced plans to unwind the venture. Rothschild resigned from Bumi's board, aiming to fight a proposal he said would not be in the interests of minority shareholders.
16 Jan '12

sorry i hadnt seen this. i only came to check on the price! yeah thats good. theres barely any downside and you get shares in a good company if the takeover is completed plus a bit of money.
23 Dec '11

good one mate ;)
22 Dec '11

hmm not completely reached that stage. it just that the stock market is all about trying to value a company. the el dorado offer isnt even completely cash but the mathematicians have calculated that it values the share at 730-750. gold price correction COULD have an effect but i doubt it. it wont go up or down that much so you wont lose more money etc. the next growth lies in el dorado, if you become a shareholder. nah im no longer a shareholder, i sold out when they agreed with the takeover at 764p.
22 Dec '11

ahhh i seee well there could be a jump in store for example a bidding war.. but this is unlikely. however not all is lost because when the takeover occurs you will receive eldorado shares in return and could make profit from those. good luck though.
20 Dec '11

the takeover has been agreed at around 730-750ish a share so no more rises from here.
11 Dec '11

LONDON (MarketWatch) -- Canada's Centerra Gold (CG.T) has made an offer for European Goldfields , The Sunday Times reports, without citing sources.

European Goldfields, which owns the rights to three sites in northeast Greece, confirmed last week it has received several expressions of interest, but that no formal bids have been tabled.

The Sunday Times said Centerra's interest emerged after Eldorado Gold (EGO) made a preliminary approach.

Earlier this year, the company received a long-awaited environmental permit to develop two of its Greek gold projects, which will help the company become Europe's largest primary gold producer.

European Goldfields wasn't available for immediate comment Sunday.
8 Dec '11

thats a sound plan. well i just read that its been advised for shareholders to vote in favour of the qatari offer. And on telegraph's questor they are saying that a full takeover can still take place even with the qatari fund involved so its a win win. people are just finding out how undervalued the company is atm. i expect a good run to new year especially if EU can sort itself out.
8 Dec '11

hey, sorry about the delay. its a hard question tbh. between now and the 22nd dec is a very interesting period because if anyone is going to gatecrash the original qatar deal they would have to do it before then. I read in the evening standard that traders are predicting £12 a share. However this could have great political implications. i have a sneaky feeling that meeting on the 22nd is going to be postponed though due to this news. There is definitely upside in this share because analyst valuations are way higher than the current price especially with impending news as well. but this share fluctuations to about a trough of 550ish-600 so theres abit of fall if any goes unexpectedly wrong because the market we live on pounces on bad news atm
6 Dec '11

One of Canada’s biggest mining groups is mounting a high-stakes move to gatecrash a deal involving a Qatari sovereign wealth fund and a London-listed gold miner, I can reveal.
Eldorado Gold Corp, which is listed on the Toronto Stock Exchange, is understood to have approached European Goldfields about an outright takeover of the company in recent weeks.
The move threatens to scupper a transaction announced in October that would see Qatar Holding, owner of the Harrods department store, become European Goldfields’ largest shareholder. A vote to approve the deal, which would include an initial $750m outlay by the Qataris, is scheduled to be held in Toronto on December 22.
The reason that this is so intriguing is that the Qatari deal had the backing of the Greek government and was positioned as an act of friendship from cash-rich Qatar coming to the aid of the crisis-hit Eurozone’s most troubled economy. Last year, the two countries signed a $7bn memorandum of understanding to co-operate on a variety of economic projects, followed by another $5bn deal in September.
European Goldfields, which is also listed on the Toronto market, had sought the funding from Qatar in order to construct two new gold mines in northern Greece which it hopes will eventually produce 350,000 ounces of gold annually, making it Europe’s largest gold producer.
I’m told that Eldorado’s offer values European Goldfields at a premium to the value attached to the company by the Qatari deal (which is understandable, since the Qatari transaction is structured in a way that wouldn’t give it control).
That may make it difficult for the board of European Goldfields to reject an offer, despite the fact that
Eldorado’s intervention has raised the political stakes for all of those involved. Qatar’s prime minister attended the signing of the European Goldfields deal alongside senior members of the Greek government.
It’s unclear whether Eldorado’s offer for European Goldfields, which I’m told is in the form of shares, has similar political backing from the Greek government but it would be logical not to overlook such factors at a time when the country is in such a state of crisis.
With a market value of around £6bn, Eldorado is substantially larger than European Goldfields, which has a market value of just over £1bn. And there's certainly logic to a deal: Eldorado operates mines in Brazil, China, Greece and Turkey.
The exact status of the contact between Eldorado and European Goldfields is unclear, although I’m told that the offer was made some days ago. However, I'm led to believe that the two companies are not in active talks which implies that any premium offered by Eldorado is insufficient to convince the European Goldfields board.
Another complicating factor will be the attitude of the largest shareholders in European Goldfields to the rival proposals and whether Qatar Holding would respond
6 Dec '11

thats a big spike- usually followed by some sort of news using past experience.
9 Nov '11

theyre meant to be coming out tomorrow...will be very interesting to see what they have to offer.
7 Nov '11

European Goldfields Ltd (LON:EGU, TSE:EGU) said executive chairman and president Martyn Konig has taken a medical leave of absence as he recovers from a sudden illness.

He is already making excellent progress in his recovery and looks forward to his return to the company in the near future.
7 Nov '11

are still interested but just in case i'll provide news on whats going on with the company from time to time
26 Sep '11

the last time i came to look at this board i sold at £9. then i see it in the top fallers list?! when gold is at these prices... had to re-buy at 590 thats about the share price I bought into before the mine was allocated.
13 Jul '11

ah i see. fair enough thats an unlucky circumstance!! but they say "a profit is a profit" eh. i also apologise to others for this off topic chat. Now lets get back to the ever evolving story concerning bskyb bid and its share price.
13 Jul '11

thank you very much for the advice.i always appreciate it and i shall investigate and research it. I like my portfolio to be a mix of all those strategies tbh. just a quick come you sold out?
13 Jul '11

ive been reading this bb with great interest as ive been looking for an entry point myself. tbh imo theres alot more bad news to come out of this. sub 650p is not inconceivable atm. today will be bad due to the parliamentary vote...but the most worrying thing is the USA starting there own trouble with news corp. I think when that issue has become clearer thats when i'll buy in, as it cant get worse than that tbh
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