Member Info for daramuda

The reason that I asked is that I was very surprised no one came in with a larger bid. Why was that. A friend of mine came across a broker's report (could have been Mirabaud) which had SRX on a forward PE of 3 in either 2017 or 2018

forgive me but what are you trying to say?

There is an announcement on asx by Iluka which highlights the 5 day grace period that the parties (SRL?Iluka) have to discuss the bid I ask you what do you think will occur if the bid lapses due to the German intervention?

It is relatively easy to google what papers there are in Sierra Leone. I cannot recall the name of any particular one which might be particularly critical with regard to the deal A poster either on this thread or on advfn googled a few weeks extracts from a particular paper which reported that the work force at SRL were not happy with the takeover. As you know from a recent post of mine, I sold out over the past few weeks. I nearly bought some back yesterday but changed my mind. Take care.

\may I suggest that you google SP Angel Proactive Get into the mining section and then click the commentary mention for yesterday. There is a reasonable explanation there. My assessment FWIIW is that a company with German interests or a German company or a part of the German gov't (but I really do not know) have commenced this procedure. Is not the EU good? Preference of vested interests? Iluka and SRL have 5 days to review the bid and I take it that that period commenced yesterday.

Good thinking

Mind you, having read the announcement this morning, I wonder if the merger will be blocked.

Be careful with this because it has had a tremendous run but I have quite a few in DJI; and some in a sands company FAM. DJI is possibly due retrace but it could have a great future for an investor if the further deals come through and the company lists on Nasdaq but both that and FAM are speculative. I have come out of BKY not because I do not like the company but because it still awaits two permits. The chairman has a good history with Mantra. I will never invest in anything again where Pala have an interest nor in a BVI registered company. I have sold out of srx. There have been some good posters on this board and I wish you all well for the future. Corbs do what you need to if you know what I mean.

I read over the weekend that 500.com is being heavily shorted; it sold an asset; has no income and is overvalued. DJI should shine in US if the company can project good earnings. Time will tell.

Exactly. If an item is traded at $4 in one country and the item in specie is interchangeable elsewhere in another e.g. England the English item is traded say on aim one would expect a price in England at $1.30 to the pound to be £3.07

Where is the evidence that DJI have partnered with Tencent?

I believe that the first that we will hear is the appointment of a USA sponsor (bank). That will start the ball rolling. The new CFO (started work on 08.08.16) knows about applications to list on Nasdaq. He should be fine tuning the initial elements of the application pre the appointment of the USA sponsor.

The circular is now on the SRL website under "home". P Morgan have given an irrevocable undertaking in respect of their 8.2% which leaves M&G as the only major investor with nearly 20% still to declare its hand; that hand may not be known until the day of the vote. If anyone has a connection with M&G it would be interesting to know their views. The problem is that BVI rules apply.

Let me explain in my simple way. Say you want to buy 1000 shares but want set a limit of 99 pence. The market will try and fill your order automatically by picking up shares when the price falls so that if 500 shares come on offer at 99 pence the system to get those towards your order. The trade will show 500 as an AT trade. Then suppose your order gets filled to the extent of 998 share and the market jumps to say 100-101 so that the balancing 2 shares cannot be purchased at 99 pence the full order is not met. But then an hour passes the price falls and then the price falls to 99 pence to buy; the system will pick up 2 shares to complete your order. Those 2 shares will show as a trade and the trade is marked an AT trade (automatic trade). Your order is filled and if you are buying online your closing deals will show as executed. So all these AT shares are filling orders. Now say that you waited until you could get 1000 shares at 99 pence and when you try and buy them at that price and the online broker says they are available and you buy them the trade of 1000 will show as an "O" (ordinary) trade. I hope that helps. There will be others who can explain it better.

Nothing to do with the market makers. This is now a SETS traded stock. May I suggest that you research what SETS is.

Those interested can attend. Circular to be released to shareholders today.

Would the staff prefer a Chinese owner leaving the management in place? If so where are the Chinese?

short of stock? A few decent buys of 50k. Something afoot?

Agreed. If the bid undervalues the company I would expect some other entity to make an higher offer.

There is still a general meeting to come. I completely agree with you. They seem to have sold not just the bottom of the cycle but have not waited for Gangama to really get going to give exponential production growth a chance. Does Pala have problems of its own? Does Pala need the cash? Has Pala just got bored? Does Pala have a better fish to fry? But I still say that if this is undervalued where is an alternative offer? And if, as some of us think, Pala has been looking for a buyer why no one else came forward.