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Hmm thanks for the briefing on what the Patels can do vis a vis court hearings. Sounds like that's why they've gone down this route since the flexibility it offers to browbeat investors into accepting a lowball offer offset the fact that they had to get 75%.
I'm really hoping they will hold the meeting at then end of the month since I'm due to be flying back to the UK at around about that time and am wondering whether a special request to BA could be submitted to the effect that something heavy might accidentally fall off the plane and land on a certain building in Guernsey where a bunch of ne er do wells will be gathering.
Now that would be poetic justice!
I'll send something off too. Again if you could post a skeleton version of what you think we should send, I'll personalise it and send it off to the address below too. Many thanks in advance.
Btw I don't normally sound off about the gold price since it's a pointless exercise in relation to AIM junior goldies but I do note gold seems to joined the altogether asset party tonight which might make negotiations between the Patels and hedgies interesting!
If it get's to and stays around$2100 for the next week that'll make those south asian lowballers sweat.
Serves them right!!!
Some have suggested that the Patel's could switch to a simple 51% majority vote format. Clearly they don't want to go down this route what with the restrictions imposed on them by doing this and the time delay resulting in RNS releases showing what poor value their bid is.
The machinations yesterday just showed how contemptable we PIs are in their eyes and not worthy of any respect.
Mind you sending a bod to Guernsey won't be cheap either in £sd or time spent....
Ooh and I tried buying and selling shares.
Results - you can sell as many shares as you like at 13.21 but they don't like you buying. The price goes up the more you want!
further agree hungrygull. for the avoidance of doubt we are in a game of poker and you don't show your hand midway through. anyway it's really out of our hands now. the big boys (hedge funds) are no doubt in direct communication with those that thought they were big boys but embarrassingly for them have proven to be anything but.
at the start of this process i had horrible dark thoughts that the patels had it all stitched up and the hedge funds would go allow with the lowball offer and be paid in backhanders later.
clearly that is not the case and their nice little stitch up has been blown apart. it's nice for once to now we are now on the same side at the hedge funds and that market rules apply even in aim. what they negotiate with the patels we will get too.
if the patels can't or won't pay the hedge funds won't be having any bluff called. they will either force the existing board or get a new reconstituted one to launch a formal sale process. yes there will be a lot of ****ed off people including tanzanian bigwigs but as has been pointed out below they can't be seen to be openly venal as they need to attract fdi for development.
i say hang tough don't give your price away since the patels might try and split the pis away from the hedge funds. there still trying to keep us in the dark by giving no details of the adjournment (but we can guess why) and in the meantime time is on our side. drilling and operational updates will need to be published soon.
Too the land of the lightly taxed and light fingered!
Alea iacta est!
Even so I find it interesting that such a thing can appear - as a link from Google Finance used by zillions.
It may be AI fluff but it's still potential market moving fluff if anybody were to take it seriously.
I've no idea where the AI (or human) got this info from since I can't match it up to any previous RNS.
One really cannot believe a thing nowdays!
Can't see an RNS on any share purchase and anyway wouldn't be allowed since surely we are in a closed period?
https://finance.yahoo.com/news/several-insiders-invested-condor-gold-091613448.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACh8s_y4K6EH3BgC3lJTZ1g7OJeUe94BvMfSjzz6924FXrshICns8KSuZew_uLY15JgUCTOVuhnkSLImwElA_qi8bFmI3uvRot1QlC823daYNdMo1kQtXV_O2cYSJ_AUb4x3sotX_i9gnIZ0Qx_gwm4EJNLmzxWfT0v2cbY1IXH_
Fake news?
I wonder whether the share price will move tomorrow to reflect what Mark has just said...
So have you changed your vote or have you left it as a no and sold up?
I can see what you've given yourself that moniker. If you behave the way face-to-face the way you behave on the bb clearly mates are not what you are going to have!
Still to get back to your original point about the report being unsubstantiated. I stand by that comment. If the recommendations made we unequivocal do you not think the RNS would have been more forthcoming in providing more detail? I rather think so!
No. I rather suspect the report is nuanced and perhaps puts the pros and cons and then comes to an equivocal view. The Patels et al like all good shysters have chosen to put a positive spin on what is probably a less than whole hearted recommendation if any recommendation was made at all.
Given the amount of energy you've put in rebutting my point perhaps you're a Saturn plant?
Why not just publish what they've said and be dammed?
If you're not dammed already?
Fair point Houndog.
Glass have come back to me and confirm only that they have issued a report at this stage.
They are considering what else they are willing to release to PIs so that the moment the contention of the RNS that they two companies are recommending approval of the bid is unsubstantiated.
As the company have paid for the ISS/glass research recommending a yes to the bid could the 2 firms be a teeny weeny bit biased?
Investors Chronicle on the other hand gets its revenue from investors. Might be less biased?
Just a thought....
Given I'm chasing the two companies directly can someone else contact SHG directly and ask them to answer questions 1&2 that I've put to the two proxy companies.
It just that I smell a rather large rat with this RNS!
Everybody seems to agree that the RNS is a every unusual day one say improper thing. I've contacted the two companies and asked them two questions:
1. Can they confirm that they have indeed made these recommendations
2. Can the provide a brief synopsis of their reasoning.
I'll inform this board if I get anything back. They should at least have the curtesy to confirm 1.
They didn't mention the publications that recommended rejection e.g. investors chronicle. Anyway IGG & Glass are not experts on the particulars of takeovers. Their speciality is more on the executive remuneration side and all matters greenery.
It's clear they don't know Jack Sh*t about this takeover and lord knows why they have lent their names to it!
I held shares in a Russian gold company that (in hindsight) mercifully had a takeover offer which succeeded. Once the vote was counted and declared from memory I think it was a 2-3 month wait.
Libero was a costly distraction. It's good they've realised the need to concentrate in Azerbaijan but bad that they've probably wasted their double investment