Member Info for jam2morrow

@mrC ....P Secker is still a director here, i think

Lets hope so @ fjones......its just my timing....i've been umming and erring to buy here for a few days. Twenty mins after i buy someone dumps 1.5mil and the price drops another 10%

Ha Ha Thats my £1k buy at @3pm at 0.81p. Honestly, u could make money following me and doing the exact opposite. I've got the anti-midas touch

They're offering at 15.5p i understand. Interesting price movement over there today - at one stage was on the top risers board - 12% up. Limited impact for BCN, it makes the offer slightly less attractive. Everything here hinges on Mexican approval. I think it will come but the market is nervous as reflected in recent sp drop. If the offer falls thru, i think BCN drops back to low 50's. Thats only my opinion, of course :)

Is it weiss who have actually increased their shareholding or one of their clients? with a cfd surely there has to be 2 parties involved: one is the shareholder and one will either pay or collect cash depending on which way the price moves from a fixed point. If its a cfd then it doesn't have voting rights? If weiss are long then the other party is short?
Far too complicated for me !

Need to crack on with the pilot plant expansion. Previously we have that the expanded plant to be commissioned in Q2 2022. Is this still on track ? Tin should be the focus IMO especially with prices as they are. I was pleased to hear that the cost of shipping and smelting was still competitive

@windskipper - yes correct BUT the deal will not go ahead unless MAC is passed. As of your acceptance, your shares are now in escrow - u cannot trade them. The falling sp, i suspect, is because we are now approaching long stop date and people think there is more chance of the deal not happening

It is the intention to de-list with over 75% acceptance - that has been stated in the offer document
This offer is provisional only, until all conditions are met
At the moment the Mexican Antitrust Condition is not met and the offer is suspended
The question u need to ask yourself @windskipper is will MAC be met and when will that happen ?
If u think the condition will be met then u will have the chance to accept the offer
If u dont think it will be met then what will that do to sp ? it 'could' be beneficial to sell now, but it depends how you call it.
Hindsight is 20/20 but the common sense thing to have done here was to talk to MAC people first to see what was possible. I guess that might of compromised confidential info so here we are - the black hole, i think your description is apt.
I think they will have to RNS as we get closer to the longstop and clarify things

Agree @KLUCK. There is no competition conflict here. Also GF will still have JVs with KDNC on some licences. I suspect something is causing an issue tho'. At the moment I'm expecting an extension to the longstop.
If they have @70% approval, that means 70% of shares in escrow, and can't be traded; so that does limit the amount of sp movement in the short term

lets see if they're still buying at this level (65p ask as i type). That should be a 10% mark up IF the deal gets Mex approval

what's beyond the longstop is another longstop i expect. When they were extending the PUSU date they left the RNS's right up to the end, so could possibly be extended between xmas /NY; thats if everyones working then ? extension has to be cleared by takeover panel.
Really the only unknown here is Mex authority. How many have they turned down before?......

extend it ? remember the put up or shut up date that GF did neither, until they'd extended the date twice. 31st Dec isn't it? Doubt they'll be a Mexican decision during the xmas/NY season

From what I've found out so far, it seems that these deadlines will be rolled over continuously all the while the offer is in suspension. Apparently the receivers of the shares of the 'acceptors', who are Link share dealing services, have to have a deadline date to make their process work. There is no real deadline as the offer is under suspension, so we have a succession of temporary ones. In my view this should be made clear by BCN
The long stop date has not been changed since the suspension so things could get more interesting as we move closer to that. I do wonder what's going on behind the scenes with the Mexican anti-trust people; it certainly doesn't seem to be a formality

7th of december - the third deadline date to be issued via my broker, ii.
I've sent an e-mail off to the takeover panel. How can deadline dates be issued while the offer is in suspension ?!

@Ethotheipi - sell a chunk now, leave as much as u want for the ride?
U are in an enviable position, most posters here will have been in longer and their gains from this deal will not be as substantial. Option 1 has passed but sp could retrace if Mexican approval is not forthcoming

sorry, its only worth reading once :)

it has been agreed with panel that the updates can be suspended while the offer is suspended. From what we've seen so far, acceptance levels are being RNS'd when there is a significant increase; its prob BCN/GF advantage to do this to 'motivate' some undecided holders.
I have been given two deadlines to accept by my broker. What there should be, IMO, is an RNS that states: deadlines are no longer applicable while the offer is in suspension.
Perhaps the panel can be persuaded to ask the company to clear up the deadline meaning?

it has been agreed with panel that the updates can be suspended while the offer is suspended. From what we've seen so far, acceptance levels are being RNS'd when there is a significant increase; its prob BCN/GF advantage to do this to 'motivate' some undecided holders.
I have been given two deadlines to accept by my broker. What there should be, IMO, is an RNS that states: deadlines are no longer applicable while the offer is in suspension.
Perhaps the panel can be persuaded to ask the company to clear up the deadline meaning?

@oilmajor -it 'should' be possible to change your acceptance vote and take your shares out of escrow. I don't, for 1 second, assume that this will be easy, and assuming you hold shares in CREST system with a broker, the work will have to be done by them.
The timing is now dependant on Mexican govt and what they do or don't say.
TBH, for short term holders, u may as well have just sold on the open market for 67p. If u've made a couple of grand then all ur hanging around for is a possible £200. Is it worth it ?

re broker - my inference from the curt RNS was that something wasn't working out with Turner Pope......