Member Info for 100notout

I wonder when the likes of Bristow will put a bid in for SGL. I think when the Pt price picks up SGL will look vulnerable to a takeover. Barrick could offer shares and could use the same reasons Froneman used for taking LMI over. The next eighteen months are going to be interesting here...

A pity that LMI is longer no more. I just hope Froneman doesn't bugger things up at SGL. Once Pt goes over $1000 the SA plat operations should throw off a decent amount. Hope all you long timers are doing well.

A lot quieter without Rastuss and his pseudonyms...

Whatamess - That figure could come even sooner if Pt takes off...

The trading volume is way higher than before the shareholder meeting result. No doubt SGL will rise in the next year as people will see the bargain they got by buying LMI at the ridiculously low price. When the price of Pt takes off SGL being the leading producer will be making a substantial amount from the S.A PGM assets. They have to sort out the gold operations now. No doubt it will be interesting over the next eighteen months.

Looking at the result it looks as though I was of a few shareholders to reject the offer...

Whatamess - Think about who will gain out of this transaction.

SGL should rally Whatamess as they have got a potentially very valuable asset for peanuts.
I have held LMI for some time and added on the dips so I can't see the point in selling now. Like I have said on numerous occasions I believe there will be a large surge in Pt so I will wait until that happens before I sell. It is a real shame that the likes of Standard Chartered waited so long to come out with their valuation. Their has been too much gloom surrounding LMI and that hasn't been helped by its Bod.

I wonder who Rastuss was working for. One thing is for sure we will never know. But I have a good idea...

I will hold for the moment and then review next year. How about yourself?

A nice rally would be closer to the Standard Chartered valuation of £2.00... A few pence is meaningless in the scheme of things...
With regards to no announcement this is not a surprise as the ones in the know already knew the outcome. Unfortunately mere minor LMI holders mean nothing to the disengenious Bod. They are most probably in the bar drinking Krug at our expense.

I know it's a bloody joke. Unfortunately the minor LMI holders have been screwed yet again. The benefactors are SGL, the LMI Bod, bankers and advisors. They all walk away with a tidy sum... It's a complete and utter disgrace.

According to Bloomberg it is Ta.

That's a real pity that the deal has been approved...

That did cross my mind to Rastuss but it shows the desire of LMI thus giving it value. It would have been detrimental to LMI if the SGL vote failed to get approval.

Have gone higher than SGL. It seems somebody knows something wouldn't you say?

It's hardly surprising that the SGL vote went this way as they know they are picking up a bargain. I hope the LMI holders vote against as LMI is worth multiples of what's on the table. Usually in most takeovers there is a premium, the opposite is happening here.

If Froneman uses the same valuation on SGL with the metrics he's used for LMI who in their right mind would want SGL shares.

Rastuss - It does seem that we are at the mercy of the large holders. I very much doubt that another bidder will come in the next few days but the Standard Chartered view maybe taken on board by some of the large institutions and may possibly sway their minds. It's game over for Froneman and LMI bod if PIC say no.

Standard Chartered must have been reading my posts Rastuss. R35 is nearly £2.00 a share and this valuation is based on a current Pt price. It will be worth a lot more than that when Pt rises. Even if SGL offered us 3 shares for 1 it still wouldn't reach this valuation. This will be a joke if this takeover proceeds. Yet the LMI bod will still recommend and why, because they will be getting R130m. If this deal doesn't go ahead I can see a deserved positive rerate in the price of LMI.

Share price is lower now than before the deal was announced. There is clearly market manipulation going on in order to bully people into accepting the SGL takeover. Considering all the positives which have happened to LMI in the last seventeen months it would be way higher than where it is now.