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I think the problem with forecasting the price they would need to pay if they wanted to take over is very very difficult, firstly if I remember correctly they bought the shares they initially had in a private transaction from a single seller, without trying to research I think it was Raskikev.
I think, rather than surmising we need to just wait and see what happens. Look, they have managed to oust the founder and CEO, But they are shareholders, just like you and me and are not in the boardroom.
It is going to be an interesting next few weeks, or longer to see what transpires.
We just need an rns to tell us of their plans soon
Hell if its a bone of contention, spend another $100m and expand it to 700k ounces capcity.
Or maybe UCG just want exposure to rising gold, like the rest of us. And of course an efficiently run asset. Synergies are great if they benefit both parties. Non - utilised capacity is worthless. Imagine if we were putting out 500k ounces of gold from the POX hub for the last two years. Even if incremental marging is 15%. As long as it doesnt block internal capacity, I say use it.
Maybe just maybe, they are not interested in buying the company, Maybe they just want a facility to process there own gold. As long as its a fare price, thats fine.
I wonder what will happen with Temi now ???? Bearing in mind we have paid a large deposit. ???
yes, rusty you are correct. at what price did they buy their last lot? they have several fake companies buying on their behalf. but of course the Takeover Panel is a worthless body, so they might not do anything. do they ever do anything?
CoFe because its the conversion price that matters. Otherwise they would have got far fewer shares. When the convertible bonds were set. They have a pre set price. And that is the price they are converted at. Share price when they converted is irrelevant.
L3TRADER, WHAT WAS THE CONVERSION PRICE, What price did they pay, thats whats important not the price the shares were when they were converted, thats irrelevant its the conversion price that matters, Not the share price when they were converted. They were converted at a conversion price of about 13,5 cents I reckoned about 12.5 p.
big numbers here of gold and high sales value
Strong bounce
rusty, they converted the bonds when the price was above 40p. That is an active "buy" decision.
Please explain why rustybucket.
CoFe simple reply to that. You are WRONG with your assertion they can not take us out at less than 41.5.
Great buying opportunity at below 32p I think.
Its a matter of timing ..if you bought POG at 6p odd you have done well, very well to get 30p!
Don’t worry they can’t take us out for less than 41.5p
The silence is unnerving. We can only hope that the major shareholders who sided with them this time around know something we don't. Something that is good for all shareholders, that is.
You would have thought Putin would put some pressure on Ugold to do the right thing - to make Russia an attractive place for inward investment.
One wonders if our new “masters” have any concern
or thought for us PI,s in their forward planning, in my mind ,doubtful,which added to the uncertainty,is
a tad scary.