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if they were going to take it private they would have done it a couple of years.this will stay listed.when the war is over and sanctions lifted sinochem will come back with a £250m bid.this is a potential 5 baggar in the making.but as always do your own research.
goods - outrageous speculation on my part but it would not surprise me if third parties had already ventilated what they might be prepared to pay for a hypothetical buyout and this has been considered not to reflect the value the majors believe it's worth holding out for - particularly as we will know a lot more by June - or even this week.
That post last week about Chinese buy out that I said would not happen. After finding this article maybe they are sniffing about...
GoldAnOIl - everyone should DYOR before involving themselves here, once sufficient comfort has been achieved I suggest consideration of the FDR quote ' the only thing we have to fear is ......fear itself ' - ATB!
Well, when things do eventually settle down and sanctions are lifted, this will be a good earner for sure. Like everybody else on here, I'm in it to increase my investments, which this will surely do from the current levels. However, experience tells me to look at all the angles and having been deceived by one robbing BoD, I am naturally wary of situations that COULD turn against the small S/H's. Nothing wrong with that and although not in here at the moment, I've watched with interest and will join you when the time is right.
GoldAnOil - I believe the compulsory rules are likely to apply - they have already had to square it with the regulator when they have increased stake at rights issue - so 12 months is my take - check the rules - I'm still not fearful and I've actually got shares - why worry if you haven't got any !
cedros: Were the 52 week high to be considered, I would see your point, but as a T/O only has to match the 3 month high, it is of no significance. To qu'ote the T/O Code: 'The offer must not be less than the maximum price paid for any shares in the company in the three months before the intention to make an offer is announced'. In any case, with such a majority, the major S/H's could de-list any time. I'm not suggesting for a moment that they would, but as a well shafted Cosalt S/H, I have been there and it stinks. Just saying.
GoldAnOil - I'm glad you've done the research on the majority shareholders - I must have a different take on ' fear ' than you - got me googling ' Fear Factor ' and the following strap line read in cinematic deep voice :- ' Imagine a world where your greatest fear becomes reality - Are you ready ' ! The 52 week high for GPX is 13.88 (08/12/2016 ) - that is close to 100% above the current SP - you may be in fear of a possible T/O but on those figures most people would say bring it on ! i don't think you'd get very far with a relaunch of Fear Factor based on the prospect of that sort of investment return but it may be something that is not widely understood so certainly worth bringing up if you want to ramp GPX!
Heart - I'm asking because I'm genuinely curious, how you think the programme effected the sp as nothing was revealed that isn't common knowledge and buys were greater than sells. Trying to understand how this share moves is something I have been trying to understand for a while and am yet to do. I certainly would not feel comfortable making predictions on the sp, positive or negative as I feel saying 2-3p is equally as misleading as others saying 35p.
Gold with 83% controlled by 3 shareholders does that mean it is poss for it to go private , what is your gut feeling , will the sanctions drag on or will we see a door opening at some point this year if poss by the end of june ?
cedros: I'm glad that we agree on a balanced view. I did, actually read a great deal about the structure of GPX, it's mostly covered on the website, but I did other research into ORA and Richard Griffiths as well as ME Investments and Waterford. The terms of the Open Offer in 2015 were interesting, especially the waiver that was given to allow Waterford and Richard Griffiths to increase their stake to 37% and 32% respectively with ME holding 14%. So, with 83% of the company controlled by 3 shareholders, I think my fears are reasonable.
cedros looks like you have a major holding here sorry wasnt trying to **** on your chips and bring the sp down but its not looking good at the moment there is so much to sort out and that will take time as they say Rome wasnt built in a day and Syria has been flatterned , i really hope the sanctions get lifted for all those poor people out there THAT WILL BENEFIT FROM IT and not just for companies wanting to make money , let us all prey the UN can sort this hell on earth out .
GoldAnOil - I'm all for a balanced view - that's why people luv my posts! - I do believe you should try and get your facts right if you are going to continue on here - that means, minimally, finding it who the majority shareholders are so you can better understand the dynamics - you probably wouldn't then have ' fear ' about possible T/O, although anyone buying in at current SP would be looking at a huge percentage profit at current SP if there was a T/O in 2017!
Shujja: Why didn't you buy 5m last Summer then?
If it goes to 3/4 p I would buy 5 million this time now that says a lot
cedros...time will tell my friend, time will tell. I neither ramp nor de-ramp, only try for a balanced view. The SP spent most of last Summer around 3p, and my view is that it will drift back down after the EU renew the sanctions. The irony is, that I hope I'm wrong, not for my sake, but for the people of that troubled land.
Goldie & Heartie - good try today - to buy at those prices you'd have to tempt out some major selling and things look better for the company prospects now than they did then - oddly we don't get too many derampers on here as most investors are knowledgeable that movement north is closely linked to political developments and have accepted that risk.
Given that the year low is 2.8p, I wouldn't think 3-4p is beyond the realms of possibility.
Now you trying to see 3/4 p good luck but that will never happen
heart10_5 - kind of you to make the comparison with AFREN - glad you included utter bull crap in the same sentence as I don't see any indication this company has failed to come up with funds to meet commitments in a timely manner historically - even when there were no serious peace talks taking place. Nobody knows for sure about the lifting of EU Sanctions so forgive me if I don't give your assertion any credence - whilst the content of the C4 programme was harrowing I believe this information has been in the public domain for a considerable period yet the UN and other Groups are continuing their efforts to broker a political solution with the current Syrian Government - as we speak - probably because the conflict has been ongoing for 7 years with suffering on both sides and the displacement of people to EU countries is not universally considered to be a long term solution. If you had said you were so appalled you couldn't envisage any scenario where you would invest I could understand but it seems that this is just an opportunistic intervention to target a 3/4 p entry price!
GoldAnOil - If this were taken into private ownership the T/O rules would minimally apply - see highest price over last 52 weeks on the host page. The major shareholder position is split - see GPX website so if there is not mutual agreement a bid may not be successful - they all know what the asset is worth and what their expectations are - some will have an average way north of current SP.
Another AFREN on the cards is possible i hope not but yes 35p is utter bull crap . I watched the ch 4 program the other night and it was truly horrible bringing the sp down i guess today ? . A very very long road in deed ahead 3/4p even lower for me too as there is no way sanctions will be lifted in june NO CHANCE !
...the idiots who post that 'Sanctions are being lifted' and 'City Whispers say 35p soon' are not being listened to by any potential investors. The reality here has been spelled out by the more intelligent posters, Syria has a long, dark road to travel before any peace can be attained. EU Sanctions will be renewed in June and the situation for GPX will not change in the forseeable future. IMHO the SP will drift back to 3/4p, luckily there is a lot of cash behind the business and my only real fear is that the company is not de-listed and taken into private ownership, given that the major SH is a venture capital company, it could happen.
I don't think it matters too much. Like others have said, buy these shares and forget about them for a while. The reward, whether near or far, should be worthwhile