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Re, What's going on…. Bid = what ever the bid is + & no bid = back to 15p
Although not invested here yet im looking on with puzzlement...perhaps Alexios or anyone else can explain to me in more detail why this may head south and under 15...... in simple terms the offer of 41 seems good/fair but this sp hasnt pushed up anywhere near 40 so why is that i wonder..... do we smell a rat? whats going on behind the scenes that prevents this pushing on .....yesterday it turned from 28 heading down and thus far its not doing much...whats going on everyone?
Why would anyone make public the fact that they willing to offer 41p when the sp is currently 26. It’s far too honest when the market is sly & crafty. Usual practice would be to instruct a market maker to buy the shares for you, as cheaply as possible, even try to drive the sp down first with shorts. The market would notice this & also buy, causing the sp to be 41p or more. The fact that it is not tells it’s own story.
Sinarmas Plans Formal Offer for ARMS This Week, Adviser Says 2015-04-16 07:41:49.144 GMT By David Yong (Bloomberg) -- Sinarmas-backed Asia Coal Energy Ventures plans to make takeover offer for Asia Resource Minerals this week, adviser Neil Passmore, CEO of London-based Hannam & Partners says in phone interview. * ACE indicated 41p/share offer for ARMS on April 14, hasn’t been able to discuss offer with ARMS, he says * Sean Wade, a spokesman for ARMS and Berau in London, declined to comment * Offer is purely “financial and commercial” and funded predominantly by Sinarmas and HK-based hedge fund Argyle Street Management: Passmore * Existing offer gives Nat Rothschild control of ARMS without paying the “control premium": Passmore * ACE/Argyle don’t have enough votes to defeat the Rothschild plan on April 22 and are ‘‘feeling positive’’ with ongoing talks with Stanchart, Raiffeisen and other shareholders: Passmore * Sinarmas sees value in Berau Coal and plans talk with bondholders: Passmore * Sinarmas’s history is a ‘‘minor issue’’ to bondholders and not a hindrance, has ‘‘behaved well’’ to investors providing capital to the group in recent years: Passmore
Look at previous post go on web page it says 48 hours from yesterday
Fin alternatives the web page www.finalternatives.com/node/30550 correction to the pprevious
Fin alternatives the web page www.finalternatives.com/node/30 this is the page
Fin alternatives this is a hedge fund says firm bid within 48 hours this was posted yesterday. So possible red dot tomorrow.
i cant find that interview online. A bit strange that an adviser would speak out re potential bid.
Yesterday, just after the close, Bloomberg reported an interview by the CEO of Hamman & Partners. They said that the formal cash bid would be rolled out before the end of the week. This will be Ian Hamman's most high profile deal since he was kicked out of JP Morgan and fined large by the FCA for alleged market abuse. He has to make this work otherwise his reputation will be in tatters. In reality this is a small deal for him to prove himself before the big ones like RIO/GLEN etc. I just don't see this bid not happening
Asia Resource stock rises on possible bid from Argyle Street: Stock in the Indonesia-focused coal miner once known as Bumi rose more than 70% on Wednesday after one shareholder — Argyle Street Management, an Asian investor — announced it and a partner were considering a possible 41p per share offer for the U.K.-listed company.
Strange! But that's a £650k holding, which is nice, and we await news of ACE/ASML increasing their stake above 5%. I was a little disappointed that we didn't sail over 30p yesterday but I expect a big blue day today ahead of the bid situation being reported and discussed more fully in the weekend Press - we can expect many to wake up to what's happening here come Monday. And ACE will make their formal offer before Wednesday, possibly today even. I think we will see a RNS red dot flashing at 7am, if only to belatedly report yesterday's holdings RNS. GLA we could be at least 50% richer this time next week and probably much more if this turns into the epic fight I am expecting - NR will not let this prize go to the Indonesians.
The RNS is definitely dated today and was realised after 10am.
I note with great interest that there is a RNS showing dated 15 April on the other bb starting with I. I have looked on here and Investegate but cannot find any records. It's a disclosure RNS. RNS Number: 2843K Taube Hodson Stonex Partners LLP declares an interest of >1% in Asia Resource Minerals....
U staying here or selling ? Nat wants to know
What has that got to do with ARMS ?
http://www.thetakeoverpanel.org.uk/disclosure/disclosure-table
Looks like someone wants them, looked weak in the drift down to 24p earlier but on little volume strengthened into the close through yo the UT.
ARMS has huge coal reserves and the timing of the offer is good share price is rock bottom with no chance of revival due to the coal price glut. I think investors would be foolish not to take up the offer. A share price of 41p may take years to achieve. Take the offer and run.
(OXS) Oxus Gold on the way up. Huge claim, huge potential. dyor.
I think I will watch and learn Alexios. Would not want to be short with a hostile bid looming. Not sure how you expect at worst a RI at 25p to result in a 10p share price?
Dilution to those who don't have the means to participate... 16p value, but market always overcooks by ~30% 10p bid is the Target. 11-14p is buy area again
Is it worth 25p. I will wait for rns. It s not safe buying.
reddevils you may be correct. This game is so suspicious isn't it (just after Nat won the last battle? Seems the Indonesians keep coming up with another round. Nat got to come out to arrest the situation if he sussed he's being played. Here's the game of throne..... I won't mind if I get 41p/share. More will be bonus....so let the game begins. Anyone have more info./thoughts/advice??
This company has been up for sale since last summer when it became clear it could not refinance its debt pile. Why are these guys making a conditional possible bid at 41p from a BVI shell company with no proper advisor and having not even picked the phone up to the company ? Feels like a desperate attempt to try and derail a sensible refinancing plan. Shareholders should back the only deal on the table at 25p - and if ACE want to bid at 41p then everyone will be very happy. Any flying pigs in the sky today?