Member Info for Montecristo2

There have been lots of companies in the data room over the years.

How many times are companies taken over, far bigger than solg without the media getting wind of it. How about the due diligence in such circumstances ?

BHP first bid for Anglo American last year, do you or anyone know about their due diligence in advance?

Everything changes if we get a new bidder enter at any time. Will it happen?

Keep tuned in folks.

Anything can happen in the next 24 hours ( anyone remember Thunderbirds?)

Yes Fort you are right.

Remember this went as low as 1.5p in 2013, it was above 40p in 2016.

That was the real time in this share looking back.

And one more point:

About the short and share price manipulation. Why would that stop a third party now coming in and bidding say 32p?

The company is looking for a buyer. Everyone knew this ( apart from Quady)

The Chinese finally come in with an offer( after years of trying to attract one, and knowing we are getting ever closer to prodution, which we are hopelessly unequipped for)

We rejected it hoping for a counter bid. 2 weeks and numerous phone calls later, we still have not had one, the main shareholders know this and don't want it themselves, for numerous reasons. Cost of construction, tec risk, better options available.

The Chinese come in with a slightly improved offer.

There you go. We are minded to except it. Hopeing a better one comes along but knowing that's the only one we have and we are now in over our heads with the construction phase looming.

And let's face it, in the exploration phase this company have made so many mistakes, can you imagine if they tried to take it to production.

Anyway. We await a new bidder. Good luck.

The simple answer is usually the right one

You're a gentleman

Add

Ive not been able to keep up with all events over the weekend.

Could you be kind enough to go over some of the points you made. Especially 2 and 3 ?

Clearly some on here, sold over the last few days, and are now fearful of a more positive ending or are hoping to get back in at a lower price. Nothing wrong with that.

But they do sometimes show a lack of class.

I would probably buy more at that stage

Pbow

1: why did they promise so much near term, value enhancing news. Regional spin off, CIPA, great propects at Tandy etc.

Then accept a pittance for the whole lot.

I been thing about that too.

How much have the company raised and spent since hole 5, 2013

Probably not much less than we are selling for. Ridiculous. Spend 800m and 12 years hard work to then sell for 800m.

Great piece of business.

Im sure Ecuador is open for business .

Great endorsement for their plans for foreign investment lol

The board used the word Minded to recommend the offer, why would they say it in that way?

Would it be safe to say now, that the diverse book would stop a low ball bid theory, was actually about as good as a chocolate tea pot ?

Why would Glencore engage with the Chinese after they have the asset. It would make much more sense to buy it now . If they wanted it.

Why has Mather agreed to sell at 28p?

I meant to say,Profit: go for it

Profit

Good for it!

Im surprised Mather and his group are on board at 28p. Any thoughts

As someone mentioned earlier. Beware Directors getting cheap options. If they get them at prices ridiculously below true value. Are they really going to fight for that true value?

If Warren knows of other bids. Would that not constitute inside information? He is not on the board afterall , he is simply a shareholder* albeit a large one.

Im not saying it does not go on. But here and now ?