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As long as investors say no they wont hit the threshold. 8% is still a lot of shares to gain. I hold 470,000 shares and they are not having mine. Extension on deadline was always in the plan, but it doesn't mean anything if they cant get any more shares. Hold tight and we will win.... or come in with a bigger better offer.
Just say NO. They were happy to pay AU$0.20 1 year ago now they want to steal our shares for 20% less..... NO
How is asic looking after minority shareholders with this decision. unbelievable.
Extension of bid deadline now 19th April. Not looking good now. They are going to get across the threshold
Yes so I think his wondering if they actually do own the shares . For example if they get to 79 percent but the take over fails, will they go back to the original holding of say 65% and the shares are returned to the original pi’s. Or have they in fact bought them and shelled out the money.
Not quite sure, when I get some time will try and check that.
New shares as in new to the takeover bidders total
???????????????????????
Do we know if they actually own the new shares? or will they only be purchased only if they get to the required amount to force the sale through?
You are lucky. Mine sitting at 0.56 AUD as I had them for years and bought little more on the rights issue.
Just under 6% more needed, not a huge % but highly unlikely to be achieved, if a second more appropriate bid for us left if this one is unsuccessful is placed, will it be nearer the IDC recommendation.
The consortium could move forward with the funding, they will own the vast amount of shares and be happy with that, maybe buy on the open market untill enough shares are in their hands to push though the takeover, or give a more fair offer price.
Hopefully no more bids.. rather get the funding and get makhado up. this distraction has cost the company a small fortune. directors should direct. not launch hostile takeovers. and yes some of what they say is correct.. 3 listing is too much. we should drop the oz one.... but it's an ozzie company. I want at least dual listing c lse to hedge. and yes... randazzo was awarded a lot for v very little... but who is chair of the remuneration committee. sox need to b pulled up!!
I expect funding to move forward if the take over fails which I’m pretty sure it will. I really can’t see how they can get 8% in 4 more trading sessions, again unless pure corruption is in play.
Hopefully a much more sensible bid comes in.
My average is 13p so need something near this for me to exit. Not long to wait now GLA!
I agree, they won’t be getting mine either.
I have a lot of shares here and unless they offer me something credible they won’t be getting mine.
I can’t see how they are going to get another 8 percent in the next few trading sessions lol.
Just offer us all a fair price and they can have them. They are so incredibly underhanded and I hope they have to pay a massive premium once this fails and share price rockets.
I am just hoping nobody falls for this underhanded attempt to lure shareholders away.
Just remember they are shareholders themselves, so obviously they see a bright future for MC Mining.
Dear MC Mining shareholder
We refer you to the Third Supplementary Bidder’s Statement issued on 21 March 2024 and our on going offer to provide shareholders an opportunity to have a favorable exit from MC Mining Limited (MCM) at A$0.16 per share by acceptance, currently, before the expiry date of 5 April 2024 at 10:00am South African time. As a valued and significant shareholder, we are writing directly to you to assist you in exercising your option to ACCEPT. The key messages why you should choose to accept, more fully covered in the Third Supplementary Bidder’s Statement and other process documents that have been issued by us and MCM include:
Although small volume it is unlike they will get another 10% of the company In time. Looking good that the deal won’t go through
The IBC preferred value of 0.285 A$ per share would cost roughly the takeover group 18million pounds(£).
If this takeover does fail hopefully to gain full control the group will come back with a offer more substantial.
Many wont want to sell at the IBC preferred value still as the up side of production is great, A concern is a split board and money drain.
Time will tell, but i am holding until a more suitable offer is placed or we go bankrupt.
They still need another 9-10 percent in shares and quickly. Not likely in my opinion
Not a done deal at all, not even close.
Results of Offer announced on ASX, RNS and SENS
Monday, 15 April 2024
‘Goldway reaffirmed that its offer will close on the evening of Friday, April 5’
So what happens after this date?
With less than 30% in public hands looking more and more like a done deal.