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Could you point us to the evidence that KAZ offer was a month before the RNS?
STIX at least BOTB updated. Volga gas updated 3 times on the FSP prior to their offer being announced on Monday! Still not a thing from EUA almost 5 months in!
Don’t forget the flaps
Interesting to see Volga gas announced an offer yesterday. That leaves us as the 2nd longest standing company on the disclosure table without an offer.......Not even a single update........back to waiting
I think they’ve forgotten they’re for sale........140 days and counting......zzzzzz
Why not Sinosteel? They did DD for 2 years prior to signing the EPC agreement
Precisely Harry/serendipity. Eurasianite, how long were KAZ in the FSP for before they received an offer? it says they commenced the FSP 28th OCT (same date as the offeree identified)
That merely said we are in an offer period, nothing has been said about any talks with potential suitors. I remain positive but if parties were knocking at the door for this surely they’d have put an offer in by now. I don’t buy the whole bidding war slowing it up scenario, there’s plenty of companies for sale on the takeover panel with multiple offeree’s
Genius
It’s getting a bit silly now, nearly 5 months of the FSP without a single update, EUA are the only long term resident on the takeover panel disclosure table (without an offeree) to not give a single update on proceedings. I’m not sure giving a general update on how talks are going would break NDA’s
July 2019, so quite outdated info
RMR - I personally feel it would be more likely that a different interested party/bidder would be disgruntled if they kept mentioning NN by name in the RNS's, maybe they brought it up with EUA and hence the drop, they now just say nearby shmelter (or something like that)......but could be any reason really
RR potentially, but they’ve given an alternative reason that it’s to do with lending to a subsidiary. It’s all speculation Isn’t it. My reason for posting was really that I think people on the BB are getting too fixated on NN as the buyer, they’re probably favourites but don’t forget EUA removed the name drops from their RNS releases
yes but same wording as the board meeting literally just the other day, not to sound like a de-ramper but chances are its the same 'transaction' IMO
wasn't it already discovered that what they have been referring to as the 'company's transaction' was an internal transaction to do with financial lending to one of their subsidiaries, a response from NN's Investor Relations was posted on the telegram page.
Hmm little disconcerting. You’d have though that interview was 4-5 months ago. Anyone know how clued up he would he be on where the sales process is at?
Repetitive maybe, but it fills the board with factual information released from RNS rather than bot fly excrement so who cares he's doing a good job
provide evidence they were willing to pay that...........thought not
I previously thought, If it’s NN you’d fancy an announcement soon so it’s tied up before their year end on 31 December. But I checked and they only net 45 mill in first half of this year so maybe they are wanting the transaction in 2021 now for tax efficiency
https://www.nornickel.com/upload/iblock/deb/Databook_2020.06.xlsx
We wait… That’s what we do… And I’ll tell you what; tick followed tock followed tick followed tock followed tick’
Mac says to the shorters “I don’t care who you are, here’s to your dream”. The old sailors return to the bar.’
“Here’s to you, Tillywhizz” and the phat drummer hit the beat with all his heart’
"Here’s to waiting…"