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Why does everyone talk like it was Shaun that led that?
I reckon today has been a lot of Twitter bandwagon jumping and day traders who pay attention to the fact that it’s appeared so far over the last week that there is serious buying after 1:30. If they start jumping ship at about 4 I hope this buyer has deep pockets to keep the price up as it doesn’t half change my mood when it’s up
Good theory sandgrounded. Can’t see why it’s not a possibility. Timing fits. Could be hugely positive if that is the catalyst.
Soz Mr ITK
Wonder who the afternoon splurger is, I don’t normally do conjecture but the swing in the afternoon post US markets coming to life is telling.
I’m smelling a hostile takeover attempt. Nothing but gut feeling so feel free to disregard and get on your merry day.
Is it buggery the lassonde curve, we're a year off that.
Highly frustrating to see the share price drop, I had a glimmer of hope yesterday. Oh well, the rns is nothing, timelines in projects always get adapted, it’s no major issue unless the water is a big problem.
I’m bored of the waiting that’s for sure but that’s only cos I’m sat on big losses so waiting is painful as well as boring.
I went to buy the economist last week, the price is extortionate.
@Mattyboy - If you've been invested 10 years then surely 12p is a massive win and stops you from being greedy, what's your average if you've been here 10 years? :D
Sorry Jiffy, didn't realise you'd posted the same link.
As I said basically.
The target bidder notifies the market the moment they've been verified as having the cash to actually make the bid.
https://bsreaction.burges-salmon.com/reaction/emsdocuments/BRO-00200_A5_Public%20M%20and%20A%20Guide%202022.pdf
How'd you work that out Loftmonkey?
If Shaun is worth his salt he'd also be starting defensive manoeuvres to prevent being subject to a takeover should he feel that it's incoming, judging by the shrewd move he made over the 5% issue I'd say he's well versed in that side of corporate shenanigans.
Hostile takeover would be the move but that's far from straight forward as it would require them acquiring enough shares directly from shareholders
Bigfatlad - intention to bid 100% has to be made public. Same in America as here, look at what happened with Elon, twitter and the court case.
DIP, all bids have to be public, so does the intention to bid so we'd know at the very least that they're trying even if we don't know the figures being discussed although I believe all tabled bids have to be given to us as per the takeover code (however that last part I would need to check so not saying with authority).
I never said you were dismissing it (I am though, at 12p anyway), I was merely pointing out that for a company that specialises in M&A it's not a huge additional piece of work it's part of the standard practice that will have gone into the planning, if there any stones left unturned I'd be shocked.
DIP, what do you mean you don't know whether he would have to put it in front of us? If it was legit which it's not then it would have to be done properly.
Also, in regards to Newmont and people thinking that they wouldn't stress the little stuff during a M&A, I don't buy that at all. I work in mobilisations (implementations) and demobilisations regularly and nothing gets left for after the event. Newmont are multi billion pound organisation with staff teams dedicated to just this. They'll know exactly what they plan to do.
Didn't Petejh or something along those lines give credible rationale to a low SP and got nothing but abuse from Hydro, he also sold near the top and did well. Think it was a pete
Yeah right, wasn't the offer for 5% 85 million or something and that was 'considered' fair market value? That was also purely for Hav may I add.
The only way they're seeing 12p a share is if an hostile takeover occurs and that would require them getting enough shares in the lead up and having to make it known they intend to takeover which would sky rocket the price based on valuations of those holding. I just don't see it. You're fear mongering and deserve a volley to the head.
hannah.. never heard that in all my years in yorkshire. plus it’s ****.
Toffees are you jumping to conclusions on what newmont consider core or not, if not can you share with me what they consider core and why?
Id like to think the jv agreement wouldn’t allow mothballing without the partner agency receiving remuneration as that would be ridiculous to allow but naturally I haven’t got a clue, never even considered it. What would be the purpose of mothballing, the general reason to do that say in a housing development is to wait until markets pick up or production materials come down (not likely as they stockpile in advance), so what would be the thinking of them to mothball it? If they mothballed it they’d lose the potential of using tefler effectively and lose the potential of a double sale which would make most sense. It costs money to mothball and restart as well because you’re talking redundancies as many of them will be on contracts.
I am always negative and err on the side of caution but I can’t see how that scenario plays out personally.
I don’t even see them divesting it unless they’re deeming it not cost effective which nobody has presented an argument as to why this would be the case when newmont have the means to make taking Hav to mine easily and would be expanding their portfolio. However Sean also didn’t fill me with confidence so it’s definitely a possibility