Member Info for PaulStomach

Is that the only explanation? MMs giving it the mother of all shakes, trigger some stop losses to fill mahoosive orders, perhaps?

I'm hoping for 900p

Thought the break past 750p would mean we'd be on the up and up, yet just been quoted 736p to buy. So frustrating this one.

RNS Number : 0432F Eurasian Natural Resources Corp Plc 17 May 2013 17 May 2013 Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction Update from the Independent Committee of the Board of Eurasian Natural Resources Corporation PLC (the "Company" or "ENRC") Statement regarding request for Rule 2.6 Extension and Indicative Proposal The Independent Committee of the Board of ENRC (the "Independent Committee"), consisting solely of independent non-executive directors of the Company, received a conditional, indicative proposal (the "Proposal") on 16th May 2013 from the consortium consisting of Mr Chodiev, Mr Ibragimov, Mr Machkevitch and the Committee of the State Property and Privatisation of the Ministry of Finance of the Republic of Kazakhstan (acting on behalf of the Government of the Republic of Kazakhstan) and JSC Sovereign Wealth Fund "Samruk-Kazyna" (together, the "Consortium") in relation to a potential offer to acquire all of the issued and to be issued share capital of ENRC not already held by the Consortium. The Independent Committee believes that the Proposal materially undervalues ENRC. The Independent Committee requested the Panel on Takeovers and Mergers ("The Panel") to extend the deadline set under Rule 2.6 of the City Code on Takeovers and Mergers (the "Code") to Monday 3rd June 2013 at 5pm BST, which the Panel has consented to. By such time, the Consortium must either announce a firm intention to make an offer for the Company in accordance with the Code or announce that they do not intend to make an offer. The extension will allow the Consortium sufficient time to submit a revised proposal that may be capable of being recommended by the Independent Committee to ENRC's minority shareholders. There can be no certainty that an offer will be made nor as to the terms on which any offer might be made. The Chairman of the Independent Committee, Dr Mohsen Khalil, said: "The primary role of the Independent Committee is to safeguard the interests of all minority shareholders and ensure that their rights are properly protected." He added, "We believe the current proposal materially undervalues ENRC, and we will use the extension to seek an improved and formal proposal. The Independent Committee is committed to serving the best interests of minority shareholders through a professional, transparent and rigorous process, which incorporates the highest standards and principles of independence and integrity." A further update will be provided as appropriate. The Independent Committee is receiving financial advice from Credit Suisse Securities (Europe) Limited and Lazard & Co., Limited. Note 3 of Rule 2.5 of the Code requires the Independent Committee to point out that t

I owe you a beer ;)

OK Russkies. Stick your hand in your pocket, announce your bid price of 450p and let's move on. I need to go somewhere later and don't want to miss it.

also a nice rise on OCDO. 40% on a FTSE stock

Seems I missed this one. Dagnabbit.

You can see it on the share trades at that time. Someone's confident (or can afford to lose A LOT of money)

:-( Thanks. I think. I've worked with a few Russians, they do things their way. I'm sure they will announce at 4:59:59.

That's a big risk, although obviously there's a period from the point at which the offer is made and when it is voted upon, and that is the time to sell (for me, other people may differ). Friday morning can't come soon enough.

IF the offer is made, is there a chance that any PI who doesn't sell at that point could be left holding paper in a private Kazakh company, which would be awkward to say the least? Genuine question, I don't know.