Member Info for Toffers

Just popped in to catch up ready for tomorrow and sense the shorters are getting desperate. They were hoping for 5p, and it looks as though theyve been caught out with Shaun's flight booked and the pending town hall announcement. They must be wetting themselves. So which way are we going tomorrow? I'm betting on blue, not red!! Nite.

Viking, I have never shorted a share in my life, and wouldn't know how to. I've clearly touched a nerve over who Tymers might be, and you coming to the rescue, speaks volumes! Enough now. Catch up Sunday night, got deadlines to meet over the weekend.

Tymers you speak absolute twaddle, as I mentioned yesterday, I topped up, so now at 2.3mill shares, but I'm not happy about an outdated MRE being produced to Newcrest retail shareholders. Would you go and buy a house without doing your due dilligence on what it is actually worth and potentially what it could be worth in a given time frame? i doubt it.

Either that or David Greece resurrected!

Tymers, are you OilManJim by any chance?

Barna, do you realise what you have just described?!!!!

That's why companies always want the retail investors out, they're happy to have them fund the intial start up and the journey to the bright lights, but then the bright lights are turned off for retail investors as the funders and instis muscle their way in and are welcomed in, and the retail investors count for nothing any more and get trodden on! No doubt the usual games will take place in due course with Black Rock et al now being here. my views.

So now you're having my posts removed MH01 because it doesn't suit your agenda. To reiterate to 5x5, it is possible to seek injunctive relief at the High Court to postpone the vote until full and frank disclosure has been given as to up to date values of the company's assets and revenue streams. Whether a shareholder group want to go to those lengths is another thing mind you, as shareholders are often full of apathy! You could always seek initial legal advice. my views.

See MH01 you are showing your true colours, you don't like debate when someone puts a reasonably plausible alternative view to you, and then all you can do is answer with stupid retorts like that of go and have a swim and cool off. How old are you? 5?

Wrong MHO1 I haven't said it is a fraud, I've said it could be tantamount to fraud, there is a difference, and I added they are my views. You didn't answer my question to you that if Shaun came to us with an offer from Rio and no updated figures for two years, would you be voting yes, not knowing the true value?

Ntl anyone who is a shareholder or indeed a consortium of shareholders together can take legal action to safeguard their shareholdings. Not beyond the realms of someone or a group seeking injunctive relief for the vote to be postponed until fully updated financial disclosure. As you say, in the long run, might be immaterial, as the instis with the clout will have the final say, but at least it might lead to full and frank disclosure! just my views.

5x5Croire they could always apply to the High Court here in the UK for an injunction to stop the vote!

You are really showing your true colours now MH01, and you claim you are an accountant. Dear Lord give me strength!

Not without a majority vote it isn't.

MH you cannot sell something with outdated figures. I can't see Newcrest shareholders voting for it and if I were a Newcrest shareholder, which I'm not by the way, I wouldn't be voting for it, not without up to date valuations on assets and revenue.

MH, how would you like it if Shaun came to us and said Rio have made us an offer, here it is folks, but we haven't had any updated valuations on our assets for 2 years but not to worry, just vote for it!

Hi Midas, the issue is though that this appears to be tantamount to fraudulent behaviour committed upon Newcrest investors. You cannot go to investors and ask them to ratify a deal with financial info that is two years out of date, that's preposterous, no one in their right mind would do that. It's deceitful in my view and I'm sure Newcrest investors will see through that, so what the hell is going on? Do Newcrest actually want the deal to fail now, so they can stay in the JV and then a new company evolves with Newcrest, Greatland and Rio. Wow, if so, that would really snub Newmont! my views.

B4zh posted this on the Newcrest forum on 3 Feb!

"Hoping to get some at this cheap rate.

Think the news may come soon of the large mre increase at haverion in the next release."

Yet they got nothing!

Stinks here, I got shot down when I said there needed to be an updated valuation and Newmont must have had updated figures for due dilligence prior to finalising their latest offer. Newcrest shareholders can surely see through this. So what's the plan in reality? That Newcrest shareholders vote it down and wait for a revised and proper valuation and offer from Newmont or is there another plan and Newcrest actually want to stay in the JV with the addition of Rio hanging around? Something just isn't right, even if Newmont just want rid and sell to us, I hate to say it, but isn't it tantamount to fraud on Newcrest investors? Obviously, as a Greatland investor, if we pick that 70% up on the cheap, all well and good for us, but not at the cost of a 2 year old valuation handed to Newcrest investors? It might be the heat in SW London getting to me, but surely this doesn't ring true, and I did read a week or so ago that it was looking as though Newcrest shareholders might revolt! On the other hand, Rio is definitely here with us for something, and I suspect there's a lot more to that Rio JV than we know about as yet! my views.

Looks like Mac's run out of the kool aid at last and hasn't got his feet up! :)