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Foz, I'm sorry that I cant match your tally but I will be adding in excess of 200k to that
Yep my reply to Kelly”s standard one was that I also wanted to request an egm or shareholder special meeting. Put my allocation down and said IR needs to engage its shareholders as we have a limited time frame to block or renegotiate this deal. I expected at least some engagement from them. I mean there must be easy 10mn shares on this board I’ve said 2mn ( mine and others not on these boards) you’ve said 2.5. That’s over 3% already.
Yes it soon adds up, in my email i told them i'd contacted all their major institutional shareholders to lobby them....i havent but it doesnt hurt to get them thinking they've made a poor choice
Bradders I can add a million shares to that which is no, and know or another 1mn saying no also
Got the same standard message back from Kelly. I now know of around 2.5m shares with a no vote via personal friends and twitter followers.
Have emailed my displeasure to Bacanora. The BOD need to do their job and enhance shareholder value. I hold 320k and will be voting again this joke of a proposed offer.
please stop ramping KOD on here this is a BCN forum. I'm sure KOD have one, go there
yeah 3-5% discount would make sense, but it is way below the offer, market is definitely not certain it will go through. Gz on KOD I find it unbelievable that people "invest" in anything that is in Mali, but if you made profit fair play .... btw AGK had offer recently and went only to 5% discount, let's see the SP when (if) we get formal offer from GF
"Bacanora Independent Directors"
all the directors of Bacanora other than Xiaoshen Wang
RNS 6/5/2021 Appendix
I'm surprised the SP is below the offer level. But I'm grateful to Gangfeng because this offer lit an almighty fire under the KOD share price rocket. Fifth day of substantial rises and no sign of abating yet! Amazing, simply amazing.
Thanks John, I missed that.
Hi perry
Independent director, for the purpose of the current situation, is specifically defined in the 6th May RNS.
I looked it up (search the text for 'Independent director') and from memory means the BOD excluding GF representative(s).
John
I have also just emailed Bacanora to register my disgust about the offer. I own about 100,000 shares through an ISA and SIPP and I think the offer from Ganfeng is ridiculously low. I share others lack of understanding of why the directors are recommending it. The release does specifically mention Independent Directors. From a quick google:
"An independent director is the member of Board who does not own any shares in the company and does not have any monetary relationship with the company except his remuneration"
So that does not include Secker and a lot of the other board members?