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guys, lets not get to far ahead with ourselves otherwise we are setting ourselves up for a fall. a %age of every ton will be allocated towards various costs . one that hasn;t been mentioned is the community. in a blog or whatever they are called mr. ndlovy ceo stated that profits will be shared with the community ..let's remember that they own the land and by definition the coal and rightly share the spoils.. in effect the town the labour and their families live is supported by the profits from the coal. currently building a water treatment plant. that's why i get ****ed when they vandalize and steal from transnet, its like smashing in my windows and wondering why i'm cold. to the best of my knowledge the mountain of coal, over 1million tons, is still there delaying progress. the plant costs must be enormous and transport to customers also. don't want to p*ss on anybody's chips but lets keep it real.
smartpee... a few years ago i invested 150k in a african oil exploration co. called afren. went bust lost the lot... at the moment got a lot of playtech so far got more than 150k in profit .you'll find you will average out over the years.
RedbullRJ..just finished reading the long lists of cable thefts and vandalism. Sober reading. The instances this year are virtually the same as last year. This has to severely impact operations and be a constant drag on the share price.I would say equal to the price of the coal itself.
I've been posting many times that i am surprised a chinese company doesn't take TGA out with a blowout figure and keep all the coal for their domestic market. Also wouldn't take any sh*t with the thefts, just send over 1000 security personnel...... sorted!!!!!
Could the reason that they blocked the vote be that they are concerned what Aristocrat would do with the unregulated business. Aristocrat stated that they would not tolerate any unregulated business that would jeopardize their worldwide licenses . Their silence is deafening.
Massive number of trades as expected. Been thro. all and only two large trades amongst them. Both 100K buys at 8.30ish am. Agree with TaffTaff and would argue that the asians could now average down on their investment and take advantage of the lower share price and build it to 51% and take full control.The takeover panel ruled that they were not in concert so there you go. Guaranteed they have a plan for a no vote, so this may be it.The pension funds must have given Playtech good warning that they wouldn't be backing the vote for them to issue the RNS before the vote. We have to thank Aristocrat for poking the bear and JKO for exposing how undervalued Playtech is. Sell italy to entain and SPAC caliente and you got most of your money back. Asians buy their unregulated asian market and we are left with one lean machine focusing on the US. Could i be missing something???
https://www.thetimes.co.uk/article/asian-investors-could-yet-block-playtech-sale-b6w7b5n0n
Just read another of interest
https://www.thetimes.co.uk/article/rich-hold-the-aces-in-playtech-takeover-d7s605fr3
Excellent summary in today's Times.
gruyere.. consensus is that the sum of parts is far greater than the £6.80 offered. The latest conservative figure out there is that £9 is achievable with ease. The directors are keen to get the aristocrat offer through as they will be getting substantial bonuses and salary increases as incentives which is the norm. If you go back in the posts ,there are some detailed breakdowns of book values of all their operations. One analyst at the weekend described PTEC as a hidden gem. I was worried that the asians had us by the b*lls.