Member Info for BigSi

http://uk.finance.yahoo.com/news/rothschild-bank-wades-investment-deal-171622637.html

good link: thanks Bumi said Friday there will be an independent financial evaluation of the Bakrie proposal. If this is favourable, the board would call an emergency meeting to approve the deal, which could be held in November. Read more: http://www.foxbusiness.com/news/2012/10/13/bakrie-bumi-plc-proposal-will-need-75-shareholder-approval-report/#ixzz29ANQxdgQ

JAKARTA--PT Borneo Lumbung Energi & Metal (BORN.JK) said it will continue with its investment in London-listed Bumi PLC (BUMI.LN) after another Indonesian shareholder, the Bakrie Group, Thursday proposed to pull out from Bumi.

"To our minds the only reason for PLC to sell its stake in Berau at this juncture would be perceptions over sovereign risk in Indonesia," he added. Knights estimated the total Bakrie offer at $1.2 billion, a 67% premium to Bumi's market capitalization on Wednesday's close. Barclays Capital estimated in a note that if Bumi were to accept the Bakrie family's entire offer, it would become a cash shell company once again with net cash of $1.294 billion and a theoretical share price valuation of GBP4.83, up nearly 87% from Bumi's closing share price of GBP2.59 Thursday

The Bakries want to hand back their Bumi holding for 10.3% of Bumi Resources - worth $150 million - and will pay $278 million for the rest of Bumi's stake, in line with Bumi Resources' market price. The family will also pay $940 million for Bumi's 84.7% holding in PT Berau - twice its value at Wednesday's close. That would leave Bumi once again a cash shell with $1.2 billion, equivalent to the amount Mr. Rothschild raised when he launched Vallar. But the company now has twice as many shares in issue as a result of its acquisitions, valuing them at just GBP4.80 compared to a float price of GBP10.

Lol are you sure his voices are really worth listening to? sounds like your voices are wiser

And where exactly is this whisper? links? sites? or is it just in your head??

57.47 SELL

58.2 buy

same as last week... now all the way back to 50.