The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hypothetically, could AA just withdraw the offer now without any consequences?
KOH
>> As I said, it appears to be a one way bet, but as to the upside I have no clues.
>> I guess it could just be a bet on an improved offer.
That's certainly a possibility - a potentially positive low-risk bet.
The same one that led me to retain a proportion of my own holding.
If 5.5p is "nailed on", then what's to lose by holding the shares for the moment on the chance of a better counter-bid?
But I do also worry (maybe I've become cynical over all this!) - that *IF* Polygon's shares do carry voting rights, then the moment any predatory third party such as Polygon were to approach 25% (or collude with another one to achieve that level)… they then have the ability to scupper the AAL bid, if they choose to. Door open for another predator to pick up the company on very different terms (with Polygon's support that time). Shady - and Polygon might make a paper loss on that deal - but doubtless rewarded in other ways.
Hence I would very much like to know for certain whether or not P's holdings carry voting rights.
That's it
Now he's bringing he mate bucky in as he's losing the argument ??
Don't feel sorry for him guys this little Squid is used to getting battered
illbetabuck: ", it could be considered a 'zero' risk one way bet."
zero in ""?
Does Polygon have a way to make this bet zero risk (in case of No vote to the AAL offer)?
Does it involved in the alternative $680m proposal? Is this proposal also a 100% (that is worse than the AAL one)? If not (i.e., if it is a partial bid sharing the mine with existing shareholders and enough to cover the Initial Scope), why not to give shareholders another option to vote together with the AAL offer?
"Yes that's an ominous phrase - If they were voting shares, I had wondered if they might be hoping to force a no vote and then try to pick the company up even cheaper. But previous opinion seemed uncertain whether these were voting shares or CFDs."
they will be CFDs with underlying shares and therefore with voting rights... they are not a white knight in this story
Yes that's an ominous phrase - If they were voting shares, I had wondered if they might be hoping to force a no vote and then try to pick the company up even cheaper. But previous opinion seemed uncertain whether these were voting shares or CFDs.
I have been puzzling this one anyone know of a connection between them and the buyers why would you buy at this level unless you knew something or buying up shares for the bidder??
541,580,000, 7.715%
Why?