Member Info for killjoy

Need you ask the question? Took him off filter, read his post and put him back on

I am content to wait, 70p gives ame a £1M, but I am well aware that nothing I do or write here or elsewhere will move the SP by a 1p

Sell Off = Traders Profit taking

Give it time those minerals aren't going anywhere.

Quady, this is the first time you have acknowleged that we will probably not go into production.

If we get a rash of contracts the SP wont move because all the LTHs will die of shock before they can top up, again.

I'm happy with 1p a day.

NM has a lot of skin in the game so is not going to go down without a fight.

My fairytale view, which is what all these speculations are, us that we will slowly rise to 36p by the deadline, there will be no further bid and we will gradually slide down to about 22p. If there is no bid there is no reason for 26p to be the floor.

You forget that it is Trump we are dealing with - he would do it on a Whim without due process

Just accept it's out of our hands so just sit back and wait - everything else is just smoke and mirrors.

It's either being held back or most buyers feel the next bid will be about 36p

No one is going to make an offer until closer to the deadline.

The size of the forst bid was never published, surely it was an informal approach else the 6month rule would have been trigerred by the 2nd bid.

Be cheaper thanm Trump buying it, just move in to protect the resource

The "6 month rule" in the context of a share takeover bid primarily refers to restrictions under the UK Takeover Code that apply in specific circumstances to prevent the abuse of the takeover process or a "false market" in the target company's shares.

There are two main scenarios where this rule is relevant:

No intention to bid statement: If a potential bidder publicly announces it does not intend to make an offer, it is generally prevented from making an offer or a possible offer for that target company for six months from the date of the statement.

Withdrawn or lapsed offer: If an offer is withdrawn or lapses, the bidder and any concert parties are typically restricted from announcing a further bid or triggering a mandatory bid obligation for 12 months from that date. However, an unsuccessful bidder is prohibited from announcing a further bid for a six-month period after the offer period ends, except in limited circumstances and with the Panel's consent.

Exceptions to the Rule

The Takeover Panel may grant consent for a bidder to make an offer within the six-month period in certain limited circumstances, such as if the target company's board has agreed to a new offer or if a competing third-party bidder has made a firm

For now we are in limbo land, at least until Monday when we see how the markets react having had the weekend to think about it.

I expect all the likely bidders to already have had drawers full of "what if" contigency plans which detail a pile of possible responses to anyone else's first move.

We have to accept that there may not be any bids for a whille - last time we had one it didn't spark a flurry of activity.

RNSs are like buses, you dont see one for ages then they all come along together.

Don't worry affrm, if you are happy with 26p just sell on the market

Ignoring the 26p offer, I wonder what was the lower offer the board rejected on the 23rd?