Member Info for Iluvise68

Surely they will have cancelled the meeting and court meeting if they didn’t have the votes?

Not impressive - the only takeaway is no evidence of additional institutional support for the offer - polus yes - but what about the rest?

Https://www.investorschronicle.co.uk/content/7be80390-6e1a-5785-a082-9383855b50fa

I3e where an investors chronicle idea for 2024 as valuation was discontinued from its peers as Majid was keen to say - so what’s changed. Debt free and cash generative and better to wait for rising gas prices before selling out.

Sorry who are ISS and Glass Lewis?

The proposed law is in respect to new developments not old/small scale/semi redundant existing mines which they are seeking to buy out.

Its someone elses buying oppurtinity

Slater and JPM have not sold out - possibly angling for an improved /all cash offer as I don’t think a UK fund will

Want to hold the mess which is GTE which begs the question what 1st attracted the BOd to this offer - I’m

Also. Hacked off at the suggestion the offer is worth10x dividends - it’s not if you take your existing holding and compound. 10 x annual

Dividend it’s worth a huge amount more - so we’re being taken for mugs !

That was the plan the BOD were presenting a few weeks ago stating the co was seriously undervalued.

And more questions for the BOD if they ever put the heads above the parapet - why capitulate to

A low ball leveraged buy out?

And why have Zeuss/WH Ireland recommended this offer as accelerating shareholder value?

Mmm I detect the sudden emrgence of a few paid for "£rampers" selling the deal on this and another site - I wonder why? you can put lipstick on a pig guys - but its still a pig.

When can we expect the presentation on this “offering” ? The BOD have been very quiet since the announcement with no effort to sell the deal. Not impressed.

Funded by the much trumpeted transfigura loan facility.

The deal may not be court approved and ££ landed until early 2025!

He was talking about making strategic acquisitions not being acquired at a discount to fair value.

I agree but the issue is what benefits we get from this - the bod will do very well with their options and bonuses but the issue is whether they are doing their best for their shareholders

As someone has astutely spotted on another board I3e. And gte entered into a confidendiality agreement in feb 2024 so they have cooked this up for several months

The GT presentation says that I3E's core management team will continue in post to manage the Candaian operation.

Interestingly Slater has not sold any yet - he usually dsells one third at offer price of good prospects of deal going through but SP is under the offer. and he continues to hold, possibly for better terms?

Only would make sense if we were getting bigger share of the "merged" company.