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Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP


Member Info for redknight1


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Member Since: Tue, 2nd Mar 2010

Number of Share Chat Posts (all time): 636
Number of Share Chat Posts (last 30 days): 16

Last Posted: Fri 08:51


Post Distribution over the last 30 days




29 Apr '14

Broken through resistance...starting upthe right hand side of a bowl dating back to November that could take us back to 8p....or beyond....in the next month or two
23 Apr '14

Duh we got that Graham about 2 hours ago....?
23 Apr '14

Surely you mean you're dyslexic.......... ;-)
23 Apr '14

I utterly and totally agree and will sign the petition
23 Apr '14

Surely you don't mean "collateralized debt obligation"?

If so please explain...
23 Apr '14

Having sold my entire holding three weeks ago at 72, I'm now back up to 1 million, having bought another 250k this am...

See my comments on ADVFN today.

The U price may be bumping along the bottom, but lead indicator share Uranium Participation bounced 9 months ago and the biggest global player CCO is already more than 40% above its 'bottom' six months ago and is well above its 200 day moving average...

Compared to CCO over the last 3 years, FTE should be 7.3p and even compared to the minnow URA they should be 2p!

Meanwhile, only 14 million FTE shares traded in the last 7 trading days doesn't imply a mass exodus, more a quiet opportunity for bargain hunting

The day the shares hit 0.80 there were 94 million traded and 193 million in just 4 trading days...

DYOR and GLA
28 Mar '14

Whoaaaaa!

Massive over-reaction here.

Has anyone actually read Rule 9 on "whitewash" transactions?

Here's my interpretation:

EITHER CS have made a financing offer which is part debt and part equity,the latter part of which would take them over the 30% trigger level,

OR

BZM is seeking a further placing to tide it over and CS has offered an amount that would take it over 30%.

The issue is clearly to be made at a discount to yesterday's closing price. That means that if CS WERE THEN to follow up with a bid, this need not be higher than the price they will have paid for the additional equity.

Under Rule 9 they are NOT REQUIRED to make a bid, but they are required to state their intentions in that regard. If they declined then the Takeover Panel could waive Rule 9 and CS would not be able to return with a bid for at least 6 months.

Clearly a bid at less than 3.02p would not be acceptable to anyone except CS, so BZM are also implying that CS are therefore unlikely to proceed to a bid.

So that leaves us still waiting for the details of the Financing in due course, but the willingness to take on additional equity by CS reinforces their long term interest in BZM.

Frankly, having previously bought at 17p they would be daft not to take up any additional equity.

Finally, as a 'wild card' possibility, maybe CS has offered to exchange its interest in FC for equity in the parent company so that BZM holds all the shares in the JV. That would not be bad news for the company surely...

This allmeans that we remain at the whim of Zuks as usual....bah!
28 Mar '14

THE TAKEOVER PANEL – DISCLOSURE TABLE
28 March 2014
The following are today’s changes to the Disclosure Table:
ADDITIONS
OFFEREE: Bellzone Mining Plc
Offer period commenced: 10:12 28-Mar-2014
Rule 2.10 information to follow
OFFEROR: China Sonangol International Singapore Pte Ltd
Offeror identified: 10:12 28-Mar-2014
Rule 2.6 deadline: to follow
Rule 2.10 information to follow
DELETIONS
None
28 Mar '14

"This announcement has been made without the consent of CS...."
7 Mar '14

WHE?


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