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now up to 12.5p purchases. No response from Linda though I've emailed twice now. Usually means she feels she can't reply at the moment because something Big is imminent, although once she was delayed through 'travelling' which can't really be used as a proper excuse these days.

Let's hope this 'pans' out well in the near future (and we find loads of gold !)

I have emailed Linda to try and get her view on whether we are reading too much into Labro's stake building. She probably won't want or be able to say much, but I'll let people know.

Labro have 21m warrants exercisable at 15p. I was just checking my emails with Linda from around 7th November when 2 Holdings RNS's were issued one of which was a TR-1. This TR-1 Linda told me was issued because when adding up Labro's holdings with their 21m (6.1%) warrants, their total went through a percentage point, 39%. She also told me then the cash offer received in October was not to do with Labro. Anyway, my point, if Labro are going to make a full takeover they will need to exercise the warrants at 15p, which, presumably, would then raise their minimum purchase within 12 months to 15p. I'm still going to ask her if she can enlighten us further on their intentions.

Creeping up. Daisan, thanks for those dummy trades. Shows I suppose that some amounts are available. It's not clear what Labro are up to 100%. Think I'll ask Linda if she can say anything.

Rocktapper - so if they really take off you'll be out. Say a rumour comes out and the rumour price is 32p - you'll be going a lot sooner. My advice, set that limit, if you must, at 25p at least but DYOR

Sell, hold or Marry ? I'd marry her and then hold on, you'll own half of a small fortune. Seriously, why sell now? 12.25p looks a certain Labro Buy price to me today, so that is now their minimum Buy price for the whole shebang. Dekel is never going to want to sell for anything under 20p ( I used to say 32p, but surely Dekel has to be realistic one day)

Yep, 11.45p now the lowest possible offer if Labro are going for broke. They aren't picking up great volumes really though, just hoovering what they can. Would be interesting if someone has a lot of cash in their trading account to see how easy it is to, say, Buy 50,000 or 100,000. I would imagine it would go to NT pretty quickly if any stock available at all.

Looks to me like the bidder is making sure he's got a big percentage before next bid - now up to 11%

Can't remember the logic in allowing Labro and associates to get all these shares before triggering full takeover. They are on the Bod and perhaps they forced it through to allow them to buy up to 48.2% if they buy maximum and convert all their warrants. The 27th Sept placing RNS outlines these figures and the 20th Sep one gives more details on the 'cosy' arrangement with the new chairman and his concert party (which apparently is only loosely associated). One of the excuses was the scaling back in the £4.1m placing. Seems odd that basically Dekel and co are letting them takeover if they wish with no resistance. Think I'll ask Linda if no-one on here seems to have a satisfactory explanation.

It would be very nice to get Labro's highest price paid in the last 12 months to a higher value. That would then be the minimum they could do a total offer at.

They have until end of March to get as much as they want up to 9m more. After Mar 31, any further purchases would trigger a compulsory offer for the whole company. However, where are they going to get shares from? The supply chain must be getting very dry. Perhaps they won't be able to get many more unless a decent rise which people are selling into. Anyway, agreed we haven't had any ops update for ages but, of course, with winter nothing is happening on the ground. Good luck all, yep, hope it is the last year we're holding these babies.

Yeah, had forgotten about Labro's 6 month deadline. Perhaps that's why they've perhaps started to build up further. If it's them, we usually get a Holdings RNS pretty quickly regardless of crossing percentage thresholds

Game on or what? Seems to be a nice volume picking up. Certainly Pog pick up is encouraging but this share is all about the end game. That involves Labro and their concert party.

Stranger

Everyone in Chaarat - Happy Christmas and let's hope for takeover in 2017

Just noticed the 34% slide in Perseus on Friday on a disastrous current production update. Completely by luck I sold all of my shares the Friday before @ AUS$0.58 = 33p. However, like you I still have the warrants which are now out-of-the-money as have to be exercised @ AUS$0.44 compared to current sp AUS$0.34. Will, therefore, be sitting on those for a while and hopefully will be back in the money before expiration April/May 2019 !

Capacity Auction 3 more sites chosen. Fantastic, £1.35m extra every year for 15 years from 2020. How much is that extra? It's £20.25m ! Sorry, forgot, we only own 45% of those 3 sites so just an extra £9.1m to PPG. Not bad with a Market Cap £17.9m.

Yes that 250k looked a bit Labro like the other day but who knows. Oli I had forgotten that Labro only have until Mar 31st 2017 to purchase their remaining 9.6m shares. They are obviously letting things drift but unless folks sell I can't see there being many shares around. They probably can't get many on the Open market so no point in chasing a few. Gold price going down drastically has not helped our cause so we could do with that reversing. Anyway, would not be surprised if we post very few times before Xmas, so, Happy Christmas all LTH's in Chaarat !

Thanks for all the chat, lads. Thought that last RNS was good reading myself, realistic but promising. When I joined this share I never realised what a history it had of disappointment. I haven't suffered any of that and feel pretty confident we are going to deliver. If we can't RTO in the 6 months don't think that's the end of the world. We'll presumably continue to pursue if close and re-list somewhere or return capital when Bass delivers. See who made most of the trades today - us lot. Would like to top-up, funds willing.