Member Info for Bozmo

Yes. I thought Avant’s bid would have been higher than what Bellway had to offer. The 273p valuation was based off Bellway at 2719. At close today we’re cheap by about 9% relative to Bellway, which is potentially the risk premium of the deal happening. A cash offer would be better in my opinion, and valuation of 273p appears cheap given current housing market plans….but certainly agree the management selling us short here

Bloomberg showing 31-March. guess that's why we're trading where we are

Personally, i think they go £14. If not we're back down to £10.50

A decent opportunity to pick up some at this 20/21p level. Didn't expect this to present itself again after the Glencore news.

The rhetoric seems to be Britvic happy for a deal if Carlsberg can sweeten it. Agree that £14 should be enough

He's trying to talk it down to buy it. that's all.

Guess they missed out when it was sub 20p. good luck with that

Go it via Bloomberg if you can access?

Target price increased from 98p to 117p following Glencore JDA

That would be nice. news seems to have gone under the radar so far here. massive

Just disappointed at my allocation in the IPO. Where to buy now?

Jolly, as the offer is now unconditional I fear it makes sense to accept. Risk is you're left holding an unquoted stock that is impossible to sell. if they do have a compulsory buy out then it might be some time before you see your money.

waste of time and money. david brown would be turning in his grave.

Weird isn’t it. 2 months to accept the deal. Need an extension as 11th hour. Get one despite IBC being against it. Then everyone crumbles. Smells. That’s all.

You get the same price sir

Hopefully they'll put some meat on the bones regarding early coal extraction soon. I remember seeing a very impressive computer generated simulation of makhado quite some time ago but never made it to the website or the public domain

No doubt Goldway manipulated this lower for their low ball offer. Hopefully everyone here can see that and reject the offer.

MCM not happy with low ball offer at A$0.20-23. Let’s see what their Independent Board Committee comes back with now that we’ve received the Bidder’s statement.

Company received a letter in November indicating they intended to make a take-over with offer price A$0.20-23. Formal offer in December was A$0.16

When I saw them in London I asked if Senosi was the kingmaker?! Looks like he’s pumped it up for the rights issue, took the money and got everyone to buy in, now trying to low ball it at 2022 levels. Buying an asset that’s worth 5 times more than he’s trying to pay for it. Disingenuous is being kind.

I expected us to be taken out before Makhado got to production but I expected a fair price.

I contacted the company recently, but they couldn’t speak with me before the quarterly update is released. If history is anything to go by then this should be released on 31st October. They told me to go and read the last quarterly report again and previous update on Makhado.

From last Quarterly report:

“The managed tender processes to select the outsourced mining, plant and

laboratory operators also commenced during the quarter. We are excited to have strong contenders

to be our partners and these processes are expected to be completed during Q3 CY2023.”

This led onto “Commencement of construction in H2 CY2023” with the first coal expected 18 months from commencement of construction.

I also note that this quarter Vele should be up to full capacity, producing 60,000/t per month.

Hopefully now we begin to see some significant news flow and action. I have a call with the company after they publish the quarterly results, then we have the AGM. Coal prices are higher with the market still short. The Israel-Hamas situation as well as cold weather should keep energy prices firm in Europe. I still believe we are a behemoth, ready to explode.