Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Typos
that doesn't mean it comes to pass.....
blocks we may encounter...
So
we may (I pray) get an offer tabled..... if they are genuinely seeking one or if one is inspired anyway by their lacklustre but required efforts.
What i am sure of is if no offer tabled they will have ticked all the boxes to safeguard themselves. LR needs to finally demonstrate he's working for shareholders and being sincere!
Indeed Optimistic Guy.
So what! You've spent your whole time making such statements and I'm sure we would (all) agree. That does mean it comes to pass and history and experience demonstrates that.
I'm sure we could get a better offer but not if LR isn't leading a serious attempt and throwing the kitchen sink at it and my growing assumption is he is quite content with Novacyt and his negotiated role. That means he must still table any higher offers but he controls all the aspects of the information flow and efforts employed.
No matter how attractive we are and Ranger makes us...we don't know if shareholder interests are really top priority or if we will simply hear it proved impossible to agree terms within specified deadline.
imv a higher offer is there to be agreed. I'm just not sure how much secret resistance and blocks or may encounter whilst LR tells us everything is looking good......Deja-vu
Davand...if we got a materially improved offer i would frankly be less minded to go after LR than if we didn't.
"...even if there was a higher offer it would be tabled to the shareholders?"
so what you mean Optimistic Guy is ".... it wouldn't be tabled"
to answer...of course it would be tabled but I suspect it's not really sought so proposition would be subtely downplayed and may even try to make it quietly unpalatable. Simply I conclude Lyn cannot be trusted.
I rather think you're right davand!
There is an improved offer out there so long as we are keen to do it, but I suspect Lyn may be going through the motions or even secretly sour it rather than aggressively pursue and secure. Trust has been lost!
If no alternative bidder arrives we should ALL support Andrew Kennedy's deserved action.
Do you believe LR can be trusted to really push Ranger? I would love to know how hard they are working to secure another bidder rather than present Novacyt as the only game in town before LR moves on to his new role there.
So am I optimistic guy.
I feel it's more likely than not - certainly should be!
Sure, 10% alone would be, but we just need a bidder at a minimum - to push Novacyt to increase offer imv. I'd hope for pushing to 0.75/1p aimho
I certainly think it's possible and should actually be probable so in theory over 50% chance but one thing I have learnt is their ability to ultimately disappoint is near alarming! currently I'm slightly optimistic we can secure a bid 10% higher in spite of our track record.
We have a new countdown clock ticking!!!
I would assume any interested bidders would make their offer within next 3 weeks.
Let's PRAY we are in active discussions and due diligence is currently being done - by numerous parties!!
Typo should be LR
Indeed. Used to clamour for news. Now it's makes not the slightest difference. ONLY another bidder at least is of any value! Well done AR and clearly in tone deaf comments you could care less about shareholders
I was pleased when LR replaced SL.
be careful what you wish for!
SL could not have delivered a worse outcome for shareholders
No news for so so long and now who cares! The ONLY thing I want to see is another bidder with an improved offer then another bidder and a bidding war.
I accept newsflow can't hurt that process but it's now only about an increased buyout price rather than what a good business Novacyt and their customers are getting.
Unfortunately LR doesn't accept responsibility and is focused on explanation, defence and denial If he comments at all.
Expectations consistently trashed.
Only hope we can find another buyer to bid and break the mold!
And mentioned possible improved offer from Novacyte if 75% looked in doubt. Think improved offer unlikely and may be Oddo helping secure deal.
We need another buyer to shake it up and that's down to our inept BOD to go out and haul in!
I guess we are scrabbling around for an improved offer to look diabolical rather then total disaster whilst others can bottom feed in the same hopes.
Moniman
No, we are open to another bidder. Absolutely.
Probably be like last time with a feck up by running out of time even if bidder found. Aimho
What we have to hope for is a new buyer offering 10%+
Will we get it? Imv we are seeking it but outcome uncertain for 2 reasons. 1. Is there serious interest that can translate into a rival offer and 2. Are our useless BOD up to the task of seeking and/or securing an offer in time!!
One point to hear in mind is if Novacyt approached us!
It's almost perfectly done where LR can say he has lost money too yet its negligible compared to us all and with a job secured.