Member Info for Ant1986

I don't think KAZ can be considered for any part of the vote as they are one of the interested party to the offer.

What happens if we all reject the offer? There will be no exchange then. Annoys me that we might end with Kaz shares, which clearly the government doesn't regard as highly. I think the media has been seeded with "good news" stories around Kaz to give a short term spike in their value and make this switch happen. Maybe I'm just being a horrid cynic...I even held Kaz shares once and ditched because something didn't feel right with them...

Looks like the government are picking up the tab to cover the gap, seems to be good news?

I'm almost past if, just a case of how much, which I now think will be circa 300p

Worth a significant amount less so the cash offer will have to increase on two accounts. Cost the government a fortune this messing around so far, I expect some major games with KAZ now.

I struggle to understand how these are being traded, the circumstances are so odd I don't know how they could follow the sector trends, but I suppose it's a possibility.

Now what...

Totally agree, I think the 20th will be a turning point, I've seen A-plant everywhere in the UK.

Better than our Magp investment at the moment, eh?! :)

In before the non farm figures. I expect fireworks when the Q4 numbers are published on the 20th, so rare I say this about a stock, but this is a strong buy.

Transfer of shares in Kazakhmys PLC from JSC National Welfare Fund "Samruk-Kazyna" to the State Property and Privatisation Committee of the Ministry of Finance of the Republic of Kazakhstan The Government of the Republic of Kazakhstan (the "Government") hereby announces that the Joint Stock Company National Welfare Fund "Samruk-Kazyna" (the "Fund"), which is 100% owned by the Government, has transferred for nil consideration 58,876,793 shares (11.24%*) in Kazakhmys PLC ("Kazakhmys") to the State Property and Privatisation Committee of the Ministry of Finance of the Republic Kazakhstan (the "Committee"). Following this transfer, the Committee is now the owner of 139,162,843 shares (26.57%*) in Kazakhmys. The Government, Mr Chodiev, Mr Ibragimov and Mr Machkevitch made an indicative proposal on 16 May 2013 to the Independent Committee of the Board of Eurasian Natural Resources Corporation PLC ("ENRC") (the "Proposal"). The Proposal envisaged that the 139,162,843 shares (26.57%*) in Kazakhmys held by the Government would be used as consideration in any offer to acquire the entire issued and to be issued share capital of ENRC (other than the ENRC shares held by the Government, Mr Chodiev, Mr Ibragimov and Mr Machkevitch). The purpose of the transfer from the Fund to the Committee is to simplify the Government's holding structure by reducing the number of parties involved and thereby expedite the process of preparing for an offer for ENRC. * percentage figures indicate percentage of total voting rights attached to shares held.

By the look of it.

24th 5pm

Ah, it didn't get passed, slight win I guess at these levels.

This isn't good is it... 9 - Special Resolution: Authority to purchase own ordinary shares. 567,568,574 60.07 377,279,363 39.93 944,847,937 806,374

Apparently all over in 30 minutes with almost nothing said, obligations met and scarpered. Didn't expect anything more, but all point to the takeover going through.

I'm not sure I could trust myself not to throw my shoes at them.

But funny comment that basically means a bid is nailed on?

Yes, it's bizarre, 2p either way, alternating direction every 10 minutes!

All over the place at the moment, the worst bump will be if we get chucked out of the FTSE100, otherwise with the investigation now working to clean it up (the damage is already done here) and the sales revenue steady, we could do OK in the mid-long term.