Member Info for ToS1963

Another source... see section 2.5
https://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/united-kingdom

Furthermore, if they purchase any stock after the offer, a new 3 month period starts... I.e the offer must equal or exceed the price of that stock.

Sorry addicknt if I haven’t been clear. I never suggested, or never tried to suggest, that a takeover was subject to a fixed price. As you say, that would be ridiculous. All I was suggesting was the if a bidder has purchased any stock in the open market in the three months prior to making an offer, then by law the offer price must equal or exceed the highest price they paid for that stock. I believed that to be the law in the UK, and nothing you have said persuades me otherwise.

Well addicknt without going through my own CV I still believe you are wrong. Sorry!

Ok, just for clarity... I still think that neither BHP nor Newcrest have any restrictions on whatever price they offer, unless or until they buy shares within 3 months of such a bid. Were they to do so, any offer price must, by law, be equal to or higher than the highest price they paid for those shares.

Sorry KB007 now I’m completely lost.

Sorry addicknt, I disagree... what’s your source? Not questioning your knowledge of financial law, but I can’t just accept I’m wrong on your say so. Happy to be proved incorrect though.

Sorry Pinot, my request should have been to addicknt!

See column 2 against UK.... is this inaccurate or am I reading it wrong?
https://uk.practicallaw.thomsonreuters.com/8-503-2092?__lrTS=20170823050207075&transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1

Hi Pinot, can you clarify? I genuinely thought it was?

Colonel... I think any takeover offer only needs to match or exceed the highest price paid in the previous three months.

Och, laddies, laddies...... Laphroaig all the way. Now that’s peaty.

Fair point re the cash burn Colonel

Look.... it’s descending into the gutter again. There’s no need for it. Why are you being like this? Unless someone posts something derogatory about you personally (and if they do there is a report option) there is seriously no need for abusive retorts and name calling. Please. I really want to stay on this board to keep abreast of the Solgold story, and to hear all different opinions. But there’s quite a few posters here making that very difficult.

Other than the NM purchase, there wasn’t anything in the RNS that wasn’t known on Friday really. Whilst I don’t expect the SP to fall much further below the issue price, it doesn’t surprise me that the market is reacting as they would with any dilution.

Never heard that saying... but you’re doing it again Novice. Why are you being like this? It’s just upsetting to all on the board. Your apology whilst welcome, holds little weight if you follow it up with another barbed remark. Please, can you just be nice and we can exchange views in a civilised fashion? Thanks.

Manjura, thanks for the clarification, I was unaware of that. He sounds like a top guy after all! Pity there aren’t more philanthropic rich guys like him around.
Novice.... casting back to what I was saying earlier today.... the “thought not” at the end of your post was antagonistic and wholly unnecessary. Why couldn’t you just have enlighten me? Isn’t that what these forums are for?

A positive RNS, especially the fact that NM has increased his stake (or prevented dilution of his existing stake). Others on here have said he has never sold, but he sold 400k at 27.93p last year, so to my mind this was overdue. I am a bit disappointed at the TSX reaction so far, which appears to be very flat. Hoping for a slight improvement in the SP tomorrow. Still a very long way to go though.

Bozi... I’m not trying to single you out here, but yours was the first post after my last one that irked me.... was your point not made before you added the “deary me” on the end? It would have made for a much more impactful post were the last two words omitted I think.

Look, yesterday was a pleasure on this board. This morning we’ve had all of these quotes, and many more...
Didn’t try to understand mining
Pmsl
Toys out of the pram
You missed your chance and your smarting
Dreamers
Infestation of bemoaners
You don’t seem to like that suggestion for some reason
Disgruntled posters having a moan
You only frequent this board to take a swipe
Don’t let the door hit your a*** on the way out

It IS valid for shareholders to question management when they see fit, and that is surely one of the reasons this board exists. All of the above phrases are provocative, and unnecessary. It is perfectly possible to put a point across without trying to antagonise. So come on please eh? Let’s be nice.