Member Info for Talatum

Good morning AKGold, I am not familiar with legality and machinations of a bidding war but I firmly believe that if NM has his way no bid will succeed. So I would be interested in views on the following scenarios which all assume that NM votes against them because he has a crazy price in mind.
1. Let us assume that BHP puts in a bid and it is acceptable to over 50% of shareholders. Does it then go ahead and NM has to sell his shares?

2. Now lets us assume that Major X over bids BHP. Can BHP vote against the higher bid? If yes then say we have (BHP + NM + others against the bid) less than 50% for the bid and the higher bid fails. Are we then back to 1 which with BHP support crosses the 50% threshold and the company is sold for less than what was on offer!!

3. Surely the prospect of company being sold at lower price would force NM to vote for the higher bid which may then cross the 50% thresholds and BHP are forced to sell or come up with a higher bid.

4. Enter NC with their shareholding and we have more possible scenarios

It all seems to me to be very confusing and messy and that may be the reason why none of the others have bid so far. If I was a major wanting to bid I would have bid now and make the bid subject to PFS. But as I have said I know nothing about machinations of bidding so await to read reactions, opinions, and comments of others

Put me down for £1+

"Pregnant with anticipation mate. You can have that for nowt"

Good Morning schlemiel. We are all pregnant and personally praying for a premature birth as the suspense is killing. Hope it is not elephants pregnancy otherwise it would be a very long wait lol .

Earthling imagine BHP's dosh and NMs stewardship wouldn't he (NM) just love it. Ya bring it on bid that lets NM stay at the helm of BHPs subsidiary Solgold

oh Novicehunter bidding war tomorrow morning what a sweet dream for tonight.

bennc 7 I interpreted it slightly differently. if you take up your 1000 rights then you are buying 1500 shares as each 2 rights buys 3 shares. the extra below is for any additional shares you wish to buy. But then I could be wrong and you right. Who knows. Only Barclays knows. Wish they were as user friendly as other brokers in their instructions.
Since typing this I see that calamari has also interpreted as I have.

I asked the same question of 97p. on this board a few days ago but no one seems to have answered. HL are only asking 88p.

Also tried to sell a small quantity of rights but Barclays did not sell even though I had asked fractionally lower than the quoted price. On the basis of "In for a penny in for a pound" I have decided to take up my rights and hope for the best.

Good morning Blue Baron, I am with Barclays and could not see how all this works. They are saying my entitlement is 1 for 1 at 97pence ! I assume therefore that 2 shares at 97p. buy me three new rights shares which gives a price of 64.67pence per each new share. That does not make sense when reported price for the new share is around 84pence
Help anyone or Barclays if you are reading this. I could not see (but may have missed due to v user friendly Barclays site LOL) any charges being levied by Barclays. Family member has HL account but have not yet checked what HL are saying.

" but Morrisons could be a take over target....but for who?"
Amazon?

"if not FNV whats the next cab off the rank in excuses why the sp hasn't risen?"

It is waiting for NM s presentation on Wednesday . Also waiting for RNS releasing the length of queue of bidders. Good news is everyday it is delayed the queue keeps growing. lol

"they don't have the capabilities to articulate simple informatio"
OR they are clever. They justify their fees by making it all complicated.

Good day Folks. Was beginning to think it was just a fairy tale. Have stopped worrying about Solg price but instead started to worry about wealth tax and IHT at 80% . lol

"Nm won't accept 1 bn"

Hopefully nothing to stop others accepting. is there? come on BHP 53p. in October .

"Why, why, why do we want Solgold sold after 15th October. "

Because it suits my personal agenda due to age profile. There may be more on this board who share that agenda

" BHP (imho) have it in the bag and there's no reason in trying to outbid BHP"
schlemiel, If BHP have got it in the bag why wait till October. why not make a friendly bid now as the price acceptable to BOD is not likely to be less in October than now. if anything it might be higher. Unless of course BHP are not willing to meet BOD's expectations and intend to go hostile in which there is every reason in trying to outbid them.

I am in agreement with "a bid is a bid" come on Barrick make a bid at as low a price as you like. it would then free up BHP and start a bidding war or establish that this is going to production as no bid interest .

Good morning to you too Quady . We live in hope

I am sure you are right valuefinder . All the positive comments on this board are logical and must be obvious to the market. Yet the share price has dropped by 4% as I write this. That does make me nervous . So , for the time being, I have switched my spreadsheet from investing the riches to planning for breakeven scenario.

"Therefore if BHP and NCM both want to acquire Solg, why would they vote for a new board that will attempt to make them pay a higher price for it by bringing in other potential bidders?"

could it be that neither of them wants it and want to recover their investment so would be happy for a third party bid at or above what they paid. Hope i am wrong but just a thought.

All the way with you earthling. happy to get out at 80p.