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Good try. I am guessing you have shorted. ..
At 43%?
on INvestegate showing today with yesterdays date acknowledging the intention of NR & SUEK to make a possible cash offer.
Don't forget according to the Wall Street Journal ACE will table their bid before tomorrow's vote.
I think we can confidently expect to be well above 30p today. Two bidders circling and there may be more. Come on ACE, show your hand and then Nat will show his.
Rothschild signals intent to acquire Asian mining firm: Nat Rothschild is considering making a joint bid for distressed Indonesian coal miner Asia Resource Minerals (ARMS).
http://www.wsj.com/articles/nathaniel-rothschild-mulls-rival-offer-for-asia-resource-minerals-1429562241 1. Nat and Suek may make a counter offer to at least match the 41p ACE offer 2. ACE offer to he confirmed before vote Game on...
So Nat is worried enough to want to match ACE's indicative offer to shareholders! Happy days ahead folks, strap in and enjoy the ride - we may yet go well north of 50p.
And the snapping turtle ate um
Come on , help us . Poldark turned good.
Until the fat lady sings! In this case nanny. Don't trust any of this lot anymore .
I agree we are just pawns. But just in a few occasions we should be able to see through the negotiation strategy of both players. Again time will tell. But I think a 41p+ offer will come. I also think there is a chance of a even better offer potentially. Good night.
The WSJ article also states that ACE will confirm their offer before the vote. Well, that means offer to come in the next 24 hours or less. That's obviously assuming that WSJ are indeed correct. Good luck anyway.
Like I said we'll done. However it's not over yet. Read the Wall Street Journal article. I think it's about to get a lot more interesting.... WSJ reporting Nat may at minimum match the 41p offer. Obviously time will tell. I am in and not going anywhere till I see 41p+. This is a massive asset. Once coal prices recover (and recover they will because it's like any cyclical commodity) the new owners will benefit immensely.
http://www.wsj.com/articles/nathaniel-rothschild-mulls-rival-offer-for-asia-resource-minerals-1429562241 Reporting that people close to the matter believe Nat and Suek potentially may offer 41p to appease shareholders that want out.
100% is great. Well done. Profit is profit I guess. I am still waiting for the fireworks... which I still believe will happen. Just need the first confirmed offer in... then we are off.
Round 1: Nat Rothchild = 25p + usd 100m Round 2: ACEV = 41p + usd 250m Round 3: Nat Rothchild & Suek = tbd (but cash offer would have to be better than Round 2)
...must now be confident that Raiffeisen are about to offload their holdings to ACEV hence why the following statement. ..."certain shareholders may prefer to sell their shares at a premium to the current share price and not to remain long-term shareholders in ARMS...." this is why he has now been for ed to moot his own share offer. Could be am interesting few days and weeks...
....
only one MM on the bid at 29 for 5k. However, in reality i can sell 20k at 29.19. MMs playing games... this one is primed for potential move up
BJP - I just wonder if this has been all a set up from the start by Nat. Perhaps, Nat wanted to came through with an offer, hoping that someone else would come forward with a better offer... i just wonder if Nat has played this one...
BJP - note Raiffeisen acquired its stake by default. It does not want to own the shares in ARMS. they only got dumped the shares after Tan couldn't meet his payments to Raiffeisen. I am sure Raiffeisen just wants to get ride of its stake asap (as they are just a lender with no real interest in ARM) and will take a fair offer for it.