Member Info for CAW1

https://mobile.twitter.com/GMF782/status/1364321301310111748

GLA

Evening Hooch, you may like this tweet from gmf78
‘States it is their first step into battery metals sector. Wonder if Neal Dealmaker Froneman will be looking at #EUA nearby for Nickel, Cobalt and cheaper PGM mine?

Major platinum player Sibanye-Stillwater invests in lithium project in Finland | Kitco News‘

St John Wood
Sorry
GLA

Evening All, is that right they have been trying to fill that order since the 3rd?
Well hope that was the reason to be down here and up we go.
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Isn’t that the risk we all take investing on any share.
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It’s all relative Mark, you must of got in AML 8mths ago roughly at 51p, eua was c10p at that time so same profit as we stand today with huge upside on eua hopefully and not much on aml now imo
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Evening Mark but as this share you could have waited a couple of months and got in at 27.5p
It is now at £1 equivalent so shows what can happen
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https://www.nasdaq.com/articles/anglo-american-platinum-announces-key-targets-quick-facts-2021-02-22

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ESG keeps popping up, AA plan to be a leader in it. Coincidence probably but also looking at new markets.

‘American Platinum said its focus is on four strategic priorities to deliver the next phase of value creation for stakeholders: stimulate new markets and leverage new capabilities; embed anti-fragility across business; maximise value from core; and be a leader in ESG. ‘

oh! offer will negate all of it
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IMO we are not going anywhere until the II's/funds finish getting their respective positions/games
PI's selling aiding them to do so.
PI's getting bored/rainbow chasing again helping them do so.
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22p to buy, 22.1666p to sell
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11.5m traded
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Calamari
It is standard on all takeovers
What is interesting is the word 'transaction' in the singular which suggest potentially a full company sale IMO
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I believe we do not have 1*100k seller but multiple PI's IMO
It is just a round number and an easy amount to get a quote on.
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Ahjh you seem only to believe what’s in rns’s so from lastest update
‘Since launching the Formal Sale Process on 1 July 2020, Eurasia and its advisers have engaged with a wide range of parties, and have to date received non-binding offers in respect of both a possible acquisition of the Company as well as other transaction structures.‘

So multiple offers for both a possible acquisition
And other structures (plural)

Can’t understand your example as minimum most be 3 non binding offers

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Classb is it you putting the 911 trades through at close? The time you quote seems to suggest
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Evening ahjh, I don’t like re posting posts but couldn’t resist. Yes you may be right as nothing is a guarantee but imo we are ok

The power of multiple buyers

Good read - multiple non-binding offers put us in driving seat

‘Most importantly, the whole objective of the sales process is to create an auction whereby all of the buyers would compete. Accepting the first offer circumvents this important step in creating a superior transaction. It violates the basis rule of M&A deals – the power of multiple buyers.

Versailles Group firmly believes that if a seller has one buyer, they have no choice. If the seller has two buyers, they have a dilemma. It’s only with three or more buyers does the seller have true choice. With only one buyer, the seller has no leverage, which means that the closing takes longer and the buyer will feel free to keep negotiating the deal or even just walk away. Thus, many investment bankers say “one buyer is no buyer.”‘

https://www.versaillesgroup.com/m-and-a-blog/ma-deals-the-power-of-multiple-buyers/

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Evening RMR
Found something to back you up yesterday
‘The amount of any upfront retainer payable to the banker (it is common that the retainer is waived and the advisor or banker is paid nothing unless a transaction is successfully completed).’

https://www.forbes.com/sites/allbusiness/2015/04/29/22-mistakes-made-by-sellers-in-mergers-and-acquisitions/?sh=62016b5f28e9
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Shame we are exempt from various fsp reporting and multiple nds.
Latest takeover on disclosure table
Note multiple non binding offers over a very small period by the same company, must of been in some kind of bidding war

.‘Dye & Durham confirms it has submitted three non-binding indicative proposals of 67 pence, 70 pence and 75 pence per Idox share, payable in cash, to Idox's board of directors on February 9, 2021, February 17, 2021 and February 18, 2021. These proposals represent premiums of approximately 25%, 30% and 39% respectively to the closing share price of Idox immediately prior to Dye & Durham's initial proposal.‘

https://www.lse.co.uk/rns/IDOX/statement-re-possible-offer-yoq3y0hsp9f9zxc.html

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