Member Info for richmanpoorman

What's your sp forecast now please?

Money still to be made here. Buy at 36p now and sell at 41p MINIMUM in the not too distant future, and probably much, much higher. You'd make AT LEAST 14% - show me where else you can get that level of (almost) guaranteed return on your hard earned? Be rude not to!

Best RNS of all time just landed. WTF???

Is there anybody out there?

Interesting to note that ACE have Samin Tan's 23.75% stake on their side so they have nearly 30% in total. The Austrian banks 20% odd stake is therefore crucial. I think this will move quickly now.

Page 2 article - Nat's formal offer expected this week and ARMS has invited an offer from ACE in a friendly overture. Game definitely on now! Hoping for final top up in the morning before we have lift off and into the 40's. GLA.

Just seen this Reuters article from c.4pm Thursday - it wholly misrepresented the open offer situation and may have spooked the market, hence the fall? Shoddy reporting. Anyway, big week next week I reckon. We should get one or more bids confirmed and then the SP will fly. (Reuters) - Coal miner Asia Resource Minerals Plc said it raised about 67.8 million pounds through an open offer of shares as part of its efforts to recapitalise itself. Asia Resource Minerals (ARMS), previously known as Bumi, said only 14 percent of the shares on offer were taken up, and that Nat Rothschild-controlled trust NR Holdings would buy the rest.

fission, wait until close and I'll bet you will see us closer to that range than we are now. I was in the car first thing and missed my top-up opporrtunity - hope others got in sub-30p?

In the absence of news it is simply mm games (or Alexios selling 50 million shares just to spite us). They know that the two circling bidders will want shares and others will too so they are collecting from the weak and from those who have set their stop losses too high. This will be back up nearer 41p tomorrow and ahead of the weekend. Fantastic top-up opportunity especially as I sold some earlier at 33.5p to put more into UKOG. I will be buying here again in the morning though.

Alexios, your point being? The open offer is subject to approval at the General Meeting now rescheduled for 14 May. However, it won't be approved as before then we will have at least two better offers. Let's wait and see and in the meantime save yourself the effort of inane postings.

Here's hoping you come back to a firm and formal offer or offers having been announced.

RSI @ 88 and Stoch @ 90 - sounds like mates of mine done for speeding on the M6! Charts and graphs go out of the window when a number of (at least 2) hostile bidders are circling a juicy prize. Let's wait for the 50p - £1 and then recap! That's my tempo. GLA - big day tomorrow I reckon. Or Thursday, maybe Friday, or possibly all 3!!

My post from 09.24 last Wednesday under the heading "What am I missing" "Offer price 41p, current SP 27.5p. So if I buy shares now I will be looking at making a 50% return, assuming the offer goes through?? Why is the SP not closer to 41p??" My crystal ball is working (at last). Bought at 28 and 35 and feeling rather smug. Let's hope we end up somewhere between your 50p and my £1.

upenn, why so little interest in this share on this board do you think? Too many people burnt in the past and who have sworn never to return? This was always going to be a sure fire winner once ACE threw their hat in the ring but only you, me and a couple of others appear to have seen the potential. Oh well, let's see what happens tomorrow but 41p is the lowest this will eventually go to so we have a great foundation on which to build.

Neither Nat nor ACE will want to lose the prize so we can expect a fierce battle and my guess would be anything up to £1, possibly beyond. My only slight concern is will Nat and ACE do a deal together to carve us up? Probably unlikley however as we know that the ACE bid will be on behalf of UniFiber so they won't want Nat involved in that... "Argyle owns 20.6 per cent of UniFiber and 4.7 per cent of ARMS. Upon completion of UniFiber's RTO, an indirect subsidiary of Sinar Mas group will own 94 per cent of UniFiber which will be renamed Golden Energy and Resources. UniFiber's proposed ACE acquisition, which is subject to the completion of its 66.9 per cent acquisition of Golden Energy Mines, will pave the way for its investment in ARMS (if ACE's takeover of ARMS pulls through)."

Here we go - game definitely on! 35.5p to buy now.

This is a one way bet - both potential bidders are saying they will pay 41p/share. There is no downside. The SP must get close to 41p by the end of the day.

Extraordinary chap! Up 16.5% and still plenty left in the tank!

The MM's are slowly but surely increasing the SP to get it closer to where the two bids will come in at 41p. Still 25% to be made here, at the very, very least IMO.

I think we can confidently expect to be well above 30p today. Two bidders circling and there may be more. Come on ACE, show your hand and then Nat will show his.