focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
..
Surely this offer is a joke...1.09...............What kind of price is that for the board to accept...........2.09 and some
i've just sold, banking on a drop tomorrow but could also have shot myself in the foot so we will see. it's all gambling anyway ..
Ok mate...cheers...personally...just speaking from xperience...can seee this closing at day high...then gap up 2mr am...
I mean, on the face of it, it looks like Sandstorm really want HM. But can't really afford us. They've put their hand in their pockets...looked down the back of the sofa and threw some pennies on the table. This has not been enough so they thrown in some car keys (part of their own company) and told Glen he can have a job at the end of it too!
4pm
What time (GMT) is the call....
https://www.reddit.com/r/investing/comments/ya4s2/sandstorm_gold_to_list_on_the_nyse/
I would agree. I don't expect this deal to go through as it stands (perhaps wishful thinking on my part) and it will hopefully give a poke to, other, potential buyers to get their finger out!
Not sure Lionel but fairly convinced that others will be tempted to come in over the next week. Sand and marl will definitely struggle to get this through with shareholders if sand share price is way below $4.04 fixed price they've set the deal at
The trades all seem to be very small, lets see what the reaction is after the conference call.
Sandstorm are currently $3.61US so we get 0.2573 (72p) for each Mariana share held plus 28.75p, so the value of the offer is already down to about £1 per share. The discount on the current market price is therefore now minimal. Lets hope for someone else to come in with a more realistic offer.
Sand offer worth 99p as it stands right now. Their shareholders are currently voting with their feet, and will possibly vote it down
sandstorm were worth 14.73 in 2012 qnd have been on a pretty steady fall since .. is this a good move ?
Kels, Sir! What's your guess as to how this will play out? I need to finish this day with some optimism! Cordially Lionel
Both Marl and Sandstorm investors would appreciate a bid from a major.
28.7p cash and a lot less by the minute of sand equity! I'm going to say it now this deal won't happen as presented this morning
Trent, If the deal goes through, for each MARL share held, we get 28.75p in cash + 0.2573 Sandstorm shares. Cordially Lionel
also about which sandstorm ticker code it is? can someone confirm sandstorms ticker code please?
Close at day highg...and over £1...GL All OF
How much we getting a share? I don't understand.
@Mosquito: not sure to understand yr enthusiasm re Sandstorm. the SP has been pretty flat over the past 5 years. if id bought 2-3 years ago id be sitting on a loss of 50%, not my idea of a company with a great track record. like most others here, not pleased with this development
10% as well should read