Member Info for addicknt

those of you who are now feeling considerably more relaxed about this investment compared to 24 hours ago.
At last we have some clarity and the next few months are going to be fascinating.

we've effectively hoisted a for sale sign over the door, I wonder if BHP will attempt a pre-emptive move before Citi start hawking the company around the market?

indi, we'd all love to know the answer to that question.

If wanting to hear the views of other shareholders, particularly those of a professional, makes me a fool, so be it.
I think it would be easy to argue that it's you who's the fool for not being willing to listen to others.

Fort, yes, I would.

RK, doesn't it occur to you that the board has already thought about the issues you raise?

BTW, it'll be interesting to see if Berry make their views public.

RK, I'd have thought they would have already had the nod from BHP/NCM. Surely the board wouldn't risk taking this to a vote only to lose ? They'd be out on their ears pdq.
This has been done to make a transaction easier and on that basis I can't see why BHP would object.

Q, defence against what? What this does is improve our negotiating position in an agreed deal.

copper, I'm not that naive but I don't think we were alone.

Bozi, I take your point.

Pad, yup, we'll finally get the opportunity to establish just how much interest really exists out there for our asset and, more importantly, how much it's really worth.

I've just received an invitation to an investor presentation on 12th October.

Bozi, simply because they must have agreed a commonality of purpose and we all know what CGP wanted. Cast your mind back to the RNS of last year when CGP extracted a promise from us. At long last something's been done to address that agreement.

copper, this may have saved their bacon. Is it not possible they've listened to the criticism and have now, somewhat belatedly, done the right thing?

Bozi, if it leads to a disposal I'm happy. If not, I fail to see the merit.
However, CGP have been pushing for an exit and their board clearly believes this is the best way to achieve one - and that gives me confidence.

1. Financing options.
2. Spin-out of non-Cascabel interests.
3. Full or partial sale of Cascabel.
4. Sale of business.

Which one do people consider to be the most likely?
For me it's 3 or 4.

DBW, indeed and that's no bad thing.
I'm guessing, but I assume BHP/NCM must have approved of this transaction, despite the fact of dilution. I'm also guessing the reason may be that any bid they launch will be made simpler by having everything under one roof.

They did a good job of keeping this quiet in Canada; neither we nor CGP moved an inch yesterday.

DBW, I missed the best bit i.e the strategic review. Now I get it and it makes perfect sense. We are now most definitely on the runway. Hobloodyray!