stix asked and answred previously, why? because I think Mac is a bluffing fool? That makes lots of people rnsman quite frankly. In fact even in my time here I could think of at least 7 others. Gosh he really is the bogeyman to some on here!
B1II look at share holders, if you think likes of Queeld (Russian owned) or II's, and others going to vote against the BOD recommendations think again. PI's always have an over inflated opinion of their place in the scheme of things. As I posted the other day they are not owners of anything!
B1II, good post, I have it at 88p myself, some on here have a lot to answer for with incessant ramping and stupid prices. lth laughing those sucked in above 30 certainly not getting 5 or 10 baggers. All got out of hand and reality. Rowka was bad enough but some on here under the guise of helping newbies, excuse me loooooooooooooool, Mac ahem, not helping them but themselves! Remember I bought in at 30 for 6 figures, that 6 figures is a lot higher now and average 24 now, I am being realistic not rampastic! GLA
RE: It would be handy having the worlds largest alluvial platinum mine10 Mar 2021 18:03
Mr Mac. also known as Mr copy and paste, Mr post a minute, Mr please recommend me so I can stay near top of leader board. Mr I green box anyone who doesn't agree with my mantra, Mr ego running wild, wasn't a long break you took, 1 hour lol? Those who know what they are talking about had you sussed long time ago.....
RE: You can't change what Eurasia have10 Mar 2021 13:12
Banjo2, he couldn't possibly do that he has to keep his tick/recommend quota going! The same posts thousand times over, way to go Mac. 14 hour a day shifts must be taxing though? As for posting facts, hmmm quite frankly some are and some aren't, just his twist on them. Fact he has 159 filtered says more about him than them. As Dmitryscousin found out yesterday don't dare point out he is wrong, as his his bizarre 4-4 weeks deadline from 14th January, then argue to contact the author of that link as his defence lol. All "sensible" holders know full well that non binding offers MUST have been in previously, likely end of November, NB form 2.9 2nd December.
Give it a break Mac as the call is growing, fact is most decent posters given up as you hog the BB 14 hours a day with repeat posts of mostly copy and paste. Ramming your views on everyone and as soon as questioned go ultra defensive, abusive and when totally lost argument filter the person. Then it is a case of rinse and repeat like an ultra annoying toothache!
Surely anyone who bought in for the right reasons and expected sale will not be selling? The only selling PI's are traders, rainbow chasers hopping around and those who really need the cash which is totally understandable.
that link is just one of many out there and none are official. There is nothing in the Take over code about length of time for non binding to binding. Also as someone said no way on this earth are you putting in any offer unless you have had access to the data room!
"They waited for someone, that part is clear", how exactly do you work that out? They explained delays and said "Notwithstanding these factors, discussions regarding proceeding to binding proposals are continuing"
Not sure how some don't understand that to move to binding proposals with anyone means you have selected their non binding offer as the best for your share holders.
Within the FSP all parties would have been given a date for non binding offers to be in by. Then UBS would have gone through them and informed interested parties of their position in regards to the process. Then knowing their positions interested parties could if needed put in further offers. UBS repeat the process and eventually ask for "final and best offers" by such and such a date.
Then UBS, DS and BOD go through them, DD done, they select the best for the share holders, contact the winner and then start the process to move to binding contracts. This is the part imo we are at and it is slow and tedious as the Lawyers do their thing. If it is more than one buyer the complexity of Lawyers for various sides all doing their thing just makes the process longer. Parties will have agreed a date to try to finalise and therefore RNS but in these times (as in RNS) deadlines can slip. The deal is not going to be ditched because one side needs a bit longer. The only timeline is the one the buyer and seller agree on. This is how a FSP works GLA
yes they were in by then but that is not why they were updated, it was just part of the FSP update. They told us in the RNS they were moving to binding and the reasons for delays. It makes more logic that they were in around the end of December which as said was 5 months from start of FSP. Then then issued a 2.9 on 2nd December for total voting rights.
plus this sentence "discussions regarding proceeding to binding proposals are continuing. " tell you that had started some time before the 14th January. It also tells you they had likely selected the best offer as you wouldn't proceed to binding terms with more than one offer.
If you go backwards from the 14th, roughly adding 2 weeks for Russian holidays, 2 weeks for UK holidays, delays for Covid/Travel restrictions and of course complexity. Very rough calculations bring you to end of November. Would be very, very hard to believe that non binding offers took to January 14th!
think non binding were in end of November, 2.9 2nd December was needed for calculations. The question is were they "final and best" at that time or were they going to ask for final and best from then? If first option approx 3 months now and surely got to be very soon. If second guessing could take a bit long yet. I favour first option of final and best were in at end of November. after all that is 5 months to get them in! GL
Ah MrYfronts, simply rot! you obviously don't understand NDA's, FSP procedure, in fact not a lot. Was only a matter of time before you popped on this morning having read what some were on about to give your unique negative spin and spread a bit of disruption. I would hope most on here would sussed you by now. /sure the rest of your gang be here shortly HH, calamri etc and guess what they will be demanding DFS as well lol Someone else's turn to fight the bots. bye
Bumble1968, good morning, how can it be "official reasons" if it is not in a DFS? I know Keith hasn't given reasons because he can't, I have spoken to him several times on matters. People believe BB rumours too much instead of simply rely on RNS and what is in the public domain through research. Off to walk the Dogs GLA