Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Nothing at all to enable shareholders to make a considered choice No update on recent sales or the cash position if CBRE takeover Very disappointing I will certainly be voting against with my very modest amount
right now the market appears to be offering those wanting to sell less than 350p.Not looking good for a higher bid for the company.
I think there is half a chance someone might attempt to spoil the CBRE party There has been very liitle activity in M&A in the sector .TEF has been put into play ,the prize is their for the taking .Outstnding opportunity for someone
Greystar can get their project management fees back on 9 Elm s and a refund on the profit element at Walthamstow as well as a number of sites !!!!!!!
terrace - on the contrary, I think it's quite encouraging that the shareprice is holding around the 350p level.
Normally you might expect a discount to the offer price at this stage, if no counter-bid was deemed credible, because of the risk to completion. In this particular case, given the lack of public support from institutions (not even letters of intent to support the deal), what seems to be a relatively high proportion of retail (as opposed to institutional) investors plus evidence of dissatisfaction among retail investors in the form of postings on bulletin boards, you might build in a small but still significant risk that shareholders don't approve the scheme of arrangement. In that scenario, what would happen to the shareprice? CBRE, as I read their offer, would not be allowed to increase their offer (absent a counter-bid) since they have said it is "final", so presumably the share price would fall significantly below 350p.
So on a risked basis you've got a small chance of a near-term outcome well below 350p, a high probability of 350p and some probability of more than 350p because of counter-bid. You have to come up with your own percentages, but if the answer is around 350p I think that means "the market" is assigning a reasonable (if small) chance of counter-bid.
The company is not providing its shareholders with enough information to enable them to hake an informed decision regarding their vote on 6 August.Shareholders are asking themselves,"am I getting a good deal"?.We don't,at the moment,have the ability to know that.