Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To be fair, looking at the takeover panel. BOTB have been in an FSP even longer than EUA and they haven’t got as far as disclosing non-binding offers, they have also had delays from COVID etc, I can’t understand why people aren’t pleased and comforted by the 14th jan update
https://www.nornickel.com/upload/iblock/2c2/Norilsk-Nickel-2020-FY-presentation-Feb-16-_2_.pdf
the presentation is available at 12, RNS would have to land prior, giving it a 0.1% chance
Don't forget that one of the richest men in the world Elon Musk can't even afford EUA and is desperately trying to form a consortium with Potanin, Putin, Angela Merkel, Daffy duck and Paul Chuckle form the Chuckle brothers.
32 business days until the end of the quarter and FY, one of those days will be THE day IMO
Non-binding offers have clearly been on the table for sometime and talks RE converting to binding were already taking place last year, we're on the home straight IMO, the word finally in the last sentence suggests they feel like this has gone on longer than they anticipated already.
- "discussions regarding proceeding to binding proposals are continuing. Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms"
There are often companies on the takeover panel disclosure table with multiple offerors, all offers are RNS'd simultaneously. If you take Signature Aviations for example they received an offer on 17th Dec then 7th Jan. Maybe the dispensations from the takeover code and NDA's EUA have in place will mean we only ever see the winning offer here though.
https://www.thetakeoverpanel.org.uk/disclosure/disclosure-table
Looking at the timeframes when we can think things have happened, i believe the BOD are working to quarterly timeframes with their interested parties. My reasoning is this-
1. Some fairly major events happened toward the end of Q3 2020 which would suggest proposals were due in to UBS by end SEP. The biggest shareholder Dmitry left the BOD 18th September for an M&A position and DLA piper were appointed around that time (certainly prior to 30th September as per 30th SEP RNS). Their were some bullish statements in this RNS too, almost insinuating something had been achieved at this point - "This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects. With the final approval of the Flanks license surrounding Monchetundra, the Company has been successful in establishing a dominant position and a first mover advantage in Kola PGM"
2. The language in the update was that a timeframe had been extended in some capacity due to several external and unavoidable factors, i believe binding proposals were due in by the end of the year (Q4) and that one/several of the parties have not been able to abide by this timeframe as a consequence. Would a fair solution by the BOD would be an extension by another quarter for all parties? - "Progress to date has been slower than expected reflecting the complexity of the process, involving several parties and structures, as well as external factors including COVID-19 related travel restrictions, and more recently delays resulting from western and Russian holiday periods. Notwithstanding these factors, discussions regarding proceeding to binding proposals are continuing. Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms."
3. We could possibly be expecting multiple binding offers, notice the plural on proposal? Clearly the BOD are talking to several parties still, those parties have already submitted non-binding proposals according to the update -"discussions regarding proceeding to binding proposals"
45 business days left until the end of the quarter. This is just a waiting game now.
1307- actually don't bother replying, i've just had a quick look at your previous posts and you are clearly a moron. You claim their is nothing to make this an investible company, then post later asking if you'll get to your buyzone lol
The worry for me is the graphs don't look good. Take away the rumours fed by a RUSSIAN company and there is nothing else to make this an investible company.
Will I get to my buy zone 0f 22 - 23p tomorrow?
1307- be interested to know your thoughts on why it would drop to 22p? We've been within a few pence of 30p since 13th October barring the index buying, if you wanted to buy in @ 22 you missed your opportunity after the Alexei announcement.
It will be published on the disclosure table under amendments simultaneously to an RNS, they are usually pre-open
Rumour has it that Montyboz, Frances, Mr Vanga and Dmitrys Cat are all driving to Monchetundra together barefoot while gorging on toblerone...
probably another one of rowkaboz personalities
Dusty Springfield- wishin and hopin
Was septic Lil scrubbing the decks all night?! Not a spec of dust in sight!
stevengali- maybe Alexei didn't owe the exact amount the shares were transacted at (just shy of 8 mill). I wasn't saying they were offloading either, i just said we'll not know, the shares transacted were very close to 1% which was interesting and aroused some suspicion. funny how his cash call was exactly 0.98% of the shares in issue. you'll notice the SP taking a beating again today? Still holding but far from happy.
Cash call could have been from Veles directly, unfortunately we won't know if they are now offloading them. It's not overly comforting that the transaction was for just under 1% of the shares in issue as it avoids the disclosures.
Recall another obsessive poster who was just as erratic. See you in a month or 2 with a new moniker rowka
It’s logical if you consider EUA may wish to maintain an interest in west kytlim through a JV
Has anyone considered that he may need the funds in order to exercise all the cheap options he has available? Assuming he can still buy too not being on the BOD