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Fort, the critical thing is that BHP and Newmont cannot block a transaction, particularly as there's no guarantee they'd work together.
Come on add, who’s going to cook, clean, change the bedding, fetch your beers and do the shopping if not a good lady?!
Surely not Add!
We just had our 14th wedding anniversary, 3 kids later, and we are still finding new ways to motivate each other to borrow a phrase from Lord Vader 😆
If we have X number of interested parties/expression of interest, shouldn't the company have alerted us via an rns?
Eloro, I live in hope.
The share price should reflect the asset value or bid when it comes. It doesn't matter too much how they try and hold it, but there is one benefit in that the longer they keep it sub 10p, the more shareholders (new and old) buy in and as such many will be happy with a 2 or 3 bagger. Some happy with just 50%.
So if a low ball arrives somewhere near 25p... it tests the shareholder base a little more than it would before simply because you have newbies in at 6p or 7p all nodding away to 25p bids.
At end of the day, what matters most is what Maxit, Mather, Irwin, BHP and NNM want. These guys hold almost 50% or over.
So it makes you wonder why the controller is trying so hard when inreality... the big players won't take low balls ... end of.
Add, I do hope that your good lady don't read this BB, otherwise its the sofa for you tonight 😉
Thanks Kat. You've obviously met her.
I'd give him your wife too.
Eloro, ha! I'd give him my wife, although if he asked kindly he could get her for free.
So we enter then next phase in a month or two then six months to execute exploitation agreement? So that will be in place by latest mid November
DBW, theoretically only 51% is required. 75% is required to de-list and 90% to exercise drag-along rights i.e compulsory sale.
Is 51% achievable? Definitely. Would a buyer be willing to accept that? Probably not. Is 75% achievable? Almost certainly -provided the offer offers good value.
I can easily see a situation where a jv ends up buying us. For example, Barrick or Newmont for the gold and BHP or the Chinese for the copper.
"Schlem, yes. It says we've been sold for £3.45 per share."
For that price, I'd carry Scott's golf clubs Add😆
Hi Red I accept your view and it's one that I've long held hence my investment here.
But is it not always good to look at the worst case scenario?
We know there are big investors with averages from let's say from 15-30p. But if somehow these ii were tied or let's say leaning towards a couple of the big boys bhp/newmont how could that affect us.
Like add points out do we need a vote and do we still have the controlling hand?
Cgp want out and looks as if NM has left this in their hands.
In my opinion it's what those groups thrash out between them what matters and we will have to accept?
Smickster...pleased allay your worst fears...
There is NO WAY the Board, Nick or Bob will agree a deal at 25/30p...
And this will be a takeover battle...trust me...like noront...17c to 105c in 8 months...
Add …. Won’t it need 75% approval?
The question is, how low can they get that deal away?
Bouncing around 5-8p suggests they are looking at an agreed deal of 20-30p. Do we think that's possible to get through?
It doesn't need to be hostile. It'll be an agreed deal.
BBG, as I'm a bit cynical.. I'm expecting some director share bonus awards to arrive first befoee any major event. Would be refreshing change to see it the other way around though.
Apparently the algo bot machine is missing it's fuse this morning. Did someone break into China town blue dragon and nick it and some soya sauce?
Yep, even Needy can't justify posting nonsense every half hour any more... one post a day seems to suffice now ! ahhh don't you just love them 😘
Either can happen any day now
June 6th! Why that's D-Day (80th anniversary this year) and one of the 5 Beaches - GOLD - was taken by the British. All we need now is for Miss Sprinkles to turn up and cast some of her magic dust upon us and we're off to Berlin. Now then - nurse! Where are my pills?
(Sorry. It's Friday, our journey is getting exciting and like Biden, I can't contain myself!)
Tesla1 - Too many Tsingtao's?
Lol as opposed to your rabid posts 6 weeks ago when you 💩 yourself that your 1,236,000 units were heading to oblivion
So you went all in £50k and managed to add 200k shares…….
Hilarious…..pray tell what could Mather do relaxed or not…..he has no other option…….
Meanwhile the sp is still 8p and no funding sorted………yet !!!!!!!!!
You are absolutely correct. It's June 6th deadline.
But considering we'll be down to almost zero cash by then, I think you'll find we'll be executing it before June 6th.
They'll need to get it all sorted within next 8 weeks IMHO.
Happy friday all