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ACE will bid 41p and then NAT will counter bid......this will go much further north of 41p! Watch this space!
U will return ! Once u go Nat u never go back.
.... I guess everyone waiting for RNS now
Nanny has her pension in here!
is Oxus Gold - awaiting arbitration result against Uzbekistan - claim $400m - $1.2bn. Mcap c. GBP20m at this moment. In addition on Monday 27th Apr the Jeeroy licence decision in Kyrgyzstan which can deliver $80m cash to Oxus within weeks (OXS contingent asset). DYOR, be quick.
Here's hoping you come back to a firm and formal offer or offers having been announced.
.... will be out of the loop today. Will catch up later this evening
Lets just wait and see... Wrong so far
Can't apply Technicals to a share which is in a potential takeover situation.
RSI @ 88 and Stoch @ 90 - sounds like mates of mine done for speeding on the M6! Charts and graphs go out of the window when a number of (at least 2) hostile bidders are circling a juicy prize. Let's wait for the 50p - £1 and then recap! That's my tempo. GLA - big day tomorrow I reckon. Or Thursday, maybe Friday, or possibly all 3!!
I can't let myself dive in with RSI @ 88 and Stoch @ 90 mate regardless of where I think she may go eventually - just not my tempo ;)
FWIW, I have both 50p and £1 targets here from the chart ... GLA
U wearing ur illuminati cap that Upenn sent u for good luck! Lol
I too saw ur post and meant to answer but never got around to doing so, I think u will find that there are lots of omnipresent observers and shareholders here that bought in the old days when this was just a shell company as it had the Rothschild label attached and many( including myself) have had steady and but earth shattering returns with their RIT capital investment fund thought let's give it a go . Many bought over 400p at the time and the Vallar shell fund became bumi. The rest is history and I will not go into the drama of the whole episodic events that transpired . Needless to say it has been one fiasco after the other and those that came in Dec to join the party did Indeed make some dosh , same here this past week, but averaging down has just about liked me and I don't trust any of this lot anymore ,all most of us old timers want is to get as much of our dosh back as we can , I was invited with my children to go to Indonesia after Christmas , I declined
I saw your post last week....no one answered and i sat on my hands... . mind you I cant complain I made 60% in 2hours on 31st december day trading this....when most probably left as well by looks of it! Some more upside to 41p but after that who knows.
My post from 09.24 last Wednesday under the heading "What am I missing" "Offer price 41p, current SP 27.5p. So if I buy shares now I will be looking at making a 50% return, assuming the offer goes through?? Why is the SP not closer to 41p??" My crystal ball is working (at last). Bought at 28 and 35 and feeling rather smug. Let's hope we end up somewhere between your 50p and my £1.
Agree with you. Too many got burnt previously or didn't believe The Templar Knight would be taken on.
upenn, why so little interest in this share on this board do you think? Too many people burnt in the past and who have sworn never to return? This was always going to be a sure fire winner once ACE threw their hat in the ring but only you, me and a couple of others appear to have seen the potential. Oh well, let's see what happens tomorrow but 41p is the lowest this will eventually go to so we have a great foundation on which to build.
.... ACE offer could be confirmed after market close today
It is a possibility but unlikely in my opinion. Too much spilt blood now for friendship ie ACE calling Nat an opportunistic thief or something to that affect...
Neither Nat nor ACE will want to lose the prize so we can expect a fierce battle and my guess would be anything up to £1, possibly beyond. My only slight concern is will Nat and ACE do a deal together to carve us up? Probably unlikley however as we know that the ACE bid will be on behalf of UniFiber so they won't want Nat involved in that... "Argyle owns 20.6 per cent of UniFiber and 4.7 per cent of ARMS. Upon completion of UniFiber's RTO, an indirect subsidiary of Sinar Mas group will own 94 per cent of UniFiber which will be renamed Golden Energy and Resources. UniFiber's proposed ACE acquisition, which is subject to the completion of its 66.9 per cent acquisition of Golden Energy Mines, will pave the way for its investment in ARMS (if ACE's takeover of ARMS pulls through)."
For me 41p is a given. The question is how much further could the bid be stretched in a competitive bidding scenario? Is 50p likely??? Dyor. The above is just my view....
We just need an indication that Raiffeisen Bank International has sold it's stake to ACE. That's what I want to hear first before a formal offer being announced by ACE. If the above happens we Wi likely rise another few pence before the category A news of confirmed offer. Them it will be game on...
"Our club"? What do you mean? I don't carry The Blood line... do you? Are you also an Illuminati? Lol
You may be correct here about coal prices recovery. But assets being in Indonesia - thought is one of the most corrupt places on earth - that's the concern. Have done research on the Widjaja's family background - that research article might be years' old (before the Asia Financial Crisis) but it seems that the Widjaja's main business (APP Asia Paper and Pulp) owes loads of money to foreign creditors but the Indonesia govt. been on their side and got them off easy.