Member Info for Macdaddy12

They did issue a statement - they secured 83.3% of total shares...ramping up to 90%+ by 22nd April

It really was not a CHOICE - it was a given! Get something back or nothing!

Go figure! It was an internal SWIPE in its truest form. God bless 'em!

The initial view is NO...Subject to change. The bid is viewed as underestimated and a certain move towards delisting. The variables still can be met and minority shareholders may still vote to sell if they so wish.

Boooo - you must be really scared :-)

Somebody call the coast guard.

Happy festive to you :-)

Guys - it is already decided upon

They are just saying that it is "not a choice" in flowery language ==> take the money OR risk not getting anything prior to a delisting.

You really would not have to email the bidder statement to all shareholders, because it is up to the board to decide if they are going to entertain the BID in the first place OR not. Absolute BS.

Cheers.

The share price movement is not performance related...Share Price moving up in light of a 0.16 cents offer is incongruent and is not indicative of any actual business dealing.

I noticed something else when I re-read the notice. They mentioned that a TARGET statement is being sent out - this would be directly to the shareholders whose shares they would like to purchase.

It is all but decided.

No - it was 0.2-0.23

The share price rose to R2.28 earlier ==> if people knew in advance that that they could offer LOWER than the initial 0.2 aud cents and settle at 0.16 aud cents ==> chances are good that they would sell straight away. The fact of the matter is that the share price is adjusting itself downwards in line with a lower off - which is a very SAD reality.

It is the value of the underlying asset that counts, not the "buyers" sentiment. If you ask me, I would be up in arms to argue that the valuation of the asset both in present and future terms should be the main determinant of a possible sales price.

Why would I want to end up in a parity valuation situation after all that graft and with still so much graft to do... whilst normalising shareholder voices. The premise and justification for a takeover is weak at this point ==> unless it comes from Saudi / China / Royals. They should just drop it... because most private investors are about to be dropped with a flimsy paddle.

Well think about it - "recommend for shareholders to not take action." Meaning prevent a "mass sell-off" whilst depreciating the share price. Nice one.

Hopefully they can negotiate it upwards by one OR two cents?

The headline says it all...nonsense.

Any additional views based on information coming to light?

Well - share price is sliding at the right time.

Guarantees a 0.2 AUD cents takeover offer being the agreed upon rate and nothing more? Would not want to charge an already existing suite of directors / incumbents.

Todays AGM outcome: only 2 resolutions past as approved out of -+15. Makes sense, can only mean the takeover is likely to happen and it is sadly not business as usual.

Lol

Doing this however will limit the scaling and scope of the company - having move off the grid. My gut feel says that another Black entity will buy them out offline at a much later date and at a much higher value - viz Exxaro or ARM. Those in today - will profit BIG in the long run/

They would buy-inn NOW to consolidate a position of being a truly "black-led" company with interests in potential government opportunities like Eskom as well as the PIC (Public Investment Co-operation).Being a truly black led company from the ground up will also allow them to achieve major awards / rebates & funding facilities at some point down the line.

By going down this route - all future partners are likely to follow a BBBEE scorecard and are also likely to be SELECTED on invite.

Buying in on the cheap is a no-brainer prior to further network canvassing.

Lets just bow our heads and pray for a position that allows us to hold onto out shares - without delisting.