Member Info for mac4671

That other link seems to produce a privacy error in chrome, so if you find that then use this -

https://exitadviser.com/mob/article/long-does-take-sell

GLA

I disagree Tr1ck, we already had a m & a expert, brought in at the start of all of this ;)

ALEXEI CHURAKOV
Strategic advisor to the board
Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has a background in cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A as well as maintaining a hands on approach at operational level.

GLA

Again we've all been tokd because it is in RNS -

"as well as appropriately qualified with in-house mining sector expertise."

GLA

If they thought they were not qualified enough for what is going on at present they may well indeed resign and allow a more qualified nomad take over.

Exactly what has happened tbh -

"SP Angel is considered an expert in the mining sector and acts for more than 30 mining companies quoted on London Stock Exchange markets"

GLA

And to stop any confusion about the latest NED, we have all been told why he is here -

"who as a qualified lawyer and M&A practitioner will strengthen our execution team"

GLA

And TDT, you were told this back in oct but you have chose to ignore it the whole time -

"The Banks have agreed to work on a success fee basis"

Banks don't work for nothing.

GLA

Not at all TDT, they can't tell us that one is signed due to confidentiality agreements. If they say one is signed they then have to disclose the particulars of the engagement to the market, which in turn goes against any confidentiality.

If that is the only straw you have to clutch at, you already know you've well and truly lost.

Until any legal paperwork is done, we are at the discussion stage TDT. Once the legal paperwork is done, we then have a deal on the table, which then leads to final percentage fee agreement with 3rd party. Every thing gets signed and it's champers all round.

GLA

https://www.exitadviser.com/mob/article/long-does-take-sell

GLA

The negative bias people just don't understand the m & a process and the laws around it rowka.
Well, either they don't or they do and just like to spout absolute nonsense to try and confuse people.

It's pretty clear as to where we're at, we've pretty much been told what was happening since oct. Just look at the time that has passed since then and marry it up to the m & a process. AIMHO

GLA

Until legal paperwork is done, we will always just be in discussions, that is the lawfully correct term.

GLA

They also can't clarify the specific relationship with citic due to numero 4, which in turn leads us to still be suspended.

Because if they say they have signed the engagement letter they have to provide the details of the deal to us shareholders, which can't be done until point 10 is complete.

GLA

Until such a stage is complete there is nothing to put forward to us patient shareholders, we approve, they sign, champers all round imho!!

GLA

Now where would a law degree help the BOD, numero 10 -

https://www.dummies.com/business/corporate-finance/mergers-and-acquisitions/steps-of-the-ma-process/

GLA

So when we read both articles, what is the 'specialist knowledge' which stands out from the rest of the board?

We already have investment bankers, so indeed the standout specialist knowledge is - "He has a law degree from Cambridge University, is a qualified barrister"

GLA

Nice reply brox, from your article - " NEDs are usually chosen because they have a breadth of experience, are of an appropriate calibre and have particular personal qualities. Additionally, they may have some specialist knowledge that will provide the board with valuable insights or, perhaps, key contacts in related industries or the City"

Also see -

https://www.investopedia.com/terms/n/non-executive-director.asp

" but is involved in policymaking and planning exercises."

GLA

Not sure A1EX lol

Spikey, you could have a look at this and think about what stage would the company require a legal expert -

https://www.dummies.com/business/corporate-finance/mergers-and-acquisitions/steps-of-the-ma-process/

GLA

You need a professional on board to do the legal paperwork for m & a on the sellers side spikey.
But you only need that legal professional when, well, when there is legal work to do.
You seem extremely naive in regards to m & a.

GLA

Great news pompey, really happy for you!

We may have needed to take someone on board for point 10 ;)

GLA

Point 4 is a good one -

https://www.dummies.com/business/corporate-finance/mergers-and-acquisitions/steps-of-the-ma-process/

GLA