The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
you forgot to qualify that with the quantities ...it isn't much of the total production is it?
You see you can't find any reference to me ever stating that a bid had been made, only discussions which is exactly what Eric the CEO said took place. Likewise you have no come back on anything other than grasping for edited context comments from here or from articles. erm... only one clown here I think.
copy and paste those comments then???
last week Mr Bushy or not so bushy stated 'Will look for sub 10p for buying back' and then the became a little agitated with fellow posters when he trade play didn't quite pan out. Now he is back, not in any vain attempt to de-ramp the price but to convince himself that he is right and the market is wrong... i.e arrogant .. filtered
You are an arrogant idiot ... you omitted the precluding and most important point of the article which precludes any hostile bid :
'The usual first step is to make an offer to the board of directors of the company to purchase a controlling stake in the company. The board of directors may reject that offer on the grounds that it is not in the best interest of the company's shareholders.' END
That is why a low ball bid was not made because the BOD had already set out their position which is what Eric stated was the case.
Now run along back to HOC board and carry on telling them all their mistakes.. LOL
Thank you ontarget.. Saved me writing reams of rebuttal. But for the record :
I stated -"Eric has already stated in interview that the price they discussed was below the level the board would accept"
so if you construe that to mean that anything other than that the board of directors were involved then I pity you.
Bushy now I think you really are a bit thick...I wrote the board not Eric! And he was quite clear that the board would not entertain a low offer and that is exactly why no formal bid was announced. The reason because the Board of Directors sent them packing!! It isn't hard if your take your agenda glasses off pal.
They'd didn't, Eric has already stated in interview that the price they discussed was below the level the board would accept. Do your homework!!
..in this share. They know exactly how retail investors think and start a low bid let it run up then cut it sharply to scare people out. Meanwhile the churn happens and overall we don't move down much at all and they get shares. Hats off to them for it, it is clever to see them skimming. Dont like it but hey if you know what they do it is easier to let it ride...
https://www.youtube.com/watch?v=USsy02JzSGQ
yesterday's presentation
I've been posting that for 12 months!! LOL
There is an "investor meet" presentation on the 19th at 09.30am if people want to register
www.investormeetcompany.com
Bushy they have doubled the fleet for the open pit and now have three rigs on site having taken delivery of a third in December... Lots of technical jargon I couldn't pick up fast but they are increasing stock piled ore to de-risk going forward.. Sorry its a bit hit and miss on the commentary but not easy on a live call. Hopefully a recording will be made available.
Eric ends call and states that the next update will be the Kenya revised resource update very soon. Q1 will be increased new flow. END
Librium capital just asked about power back up for the lost rig ... Eric states and there is a reliability issue with the grid sometimes outside of the companies control. Asked about ore hardness and Eric states that they have increased grinding efficiency which they are doing and aim to increase further by the end of the year.
No I just registered as described and put retail
No copy and paste the link online.. register and then an e,mail gives you the ref code and PIN. You need both
Yes .. I can't stay the whole call but he is upbeat overall so far.