Aldermore Share Discussion Threads

[kenone] 18/7/2012 07:16

This mornings RNS 's should have a positive effect on the SP

[drewz] 16/7/2012 15:08

Strange goings on with this company.

Why is the Munali mine unable to operate profitably at current Nickel prices????

What is going on?

Who is running the company these days?

[nur0mancer] 16/7/2012 14:02

More alarming news as our company is destroyed by Jinchuan

[bam bam rubble] 05/7/2012 13:24

- updated July 12th

Ask price of 129.4p is around 6% discount to current variable offer value of 137p

[monkeywrench] 05/7/2012 11:18

Thanks boadicea.

[sg31] 05/7/2012 10:31

Offer currently worth about £1.52

[boadicea] 05/7/2012 10:16

monkeywrench - Basically it implies RBC traded in (or "stabilised") the shares with no net change of holding.
However, these forms are not always correctly filled in. It says that RBC bought at least a few of the shares at 142p and sold at least a few at 139p, which I would rather doubt, unless trades were generally matched at the same price.
Today's RBC form is more straight forward with only a purchase yesterday of 7272 shares at 143p.

[monkeywrench] 04/7/2012 10:26

Please could one of you guys, who understand how these things work, explain to me, in simple terms, what the - Form 8.5 [EPT/RI] notice of today, regarding the apparent buying and selling of 135,000 shares by RBC, actually means. TIA.

[philo124] 03/7/2012 17:32

Adios. GLA.

[mulebreaker] 03/7/2012 14:10

I thought this was reckoned to be worth 175p?

[boadicea] 03/7/2012 07:53

pitm - lucky was only quoting. The error, more seriously, was in the Proactive Investor report.

Following on closely behind the Yamana-Extorre case, it does look like the ca dam might be breaking.
It has been understandable that while junior miner prices were falling, prospective predators should stand back and wait for the best bargain. Have we now reached the point where those who do not move soon will be left out of the race?
Interestingly, I hold all three of the stocks that Proactive list as possible targets.

[petersinthemarket] 02/7/2012 16:57

Lucky punter - ALD is Ftse Smallcap not AIM

[arja] 02/7/2012 15:41

hi Hectorp,
Bought ALD yesterday with a CFD at 136 but seeme like I got it wrong . Amazing the way SBM slumped again in OZ last night and I that took me by surprise but must expect anything in markets and especially in OZ !!

[lucky_punter] 02/7/2012 14:06

St Barbara's recommended takeover for AIM-listed Allied Gold (LON:ALD) could herald a wave of M&A deals for small gold producers brokers were predicting today.

[hectorp] 02/7/2012 11:53

true - if they bought cheaply!
Very interesting situation, but for gambling cash only.
No position for me as yet.
Hi arja
H.

[petersinthemarket] 02/7/2012 10:42

its often a good idea to sell on first news of any merger/takeover, even at a couple of pence less, rather than wait ages for all the legals to work through.

looks like those selling early might have done the right thing.

[arja] 02/7/2012 08:49

uk punters must be expecting further fall in oz tonight and hoping they are wrong and can at least hold the 130 level !

[arja] 02/7/2012 08:16

trading at a discount even to the depressed oz close . SBM might have a bounce in oz tonight as shorts close hopefully !

[thehardestbutton] 02/7/2012 05:18

The offer price is down effectively to 148p based on the St Barbara shares continuing to head south (not entirely sure why).

I think there was a lot of anticipation back at 2010 levels of gold output and also the price to extract said gold given that they have spent a lot of money to update the mines and facilities and this is only going to be realised now and in the future.

As its an agreed merger not sure a hostile buyer can come in at this stage but certainly Allied Gold board should be concerned that the offer is now considerably less than was on the table originally.

[divinausa1] 02/7/2012 01:25

im hoping someone bigger coming along and throwing in their hat. Disappointed at the offer price share price is worth £2.50....

[trytotakeiteasy] 01/7/2012 22:59

looks promising bar the weakness in Santa Barbara stock price on ASX post the deal announcement:



This might suggest deal won't go through.... also deal worth less as ALD stockholders getting some Santa Barbara shares.... so more than meets the eye....

[polygram] 30/6/2012 09:44

Looks a done deal. Worth buying at this price.

St Barbara's golden handshakeStephen Bartholomeusz

Published 2:50 PM, 29 Jun 2012


--------------------------------------------------------------------------------
inShare


About a year ago St Barbara tried to gate-crash a Newcrest Mining-backed merger of Catalpa Resources and Conquest Mining in an attempt to create the leading mid-tier gold miner. Today it announced a different means to the same end.

This time it is, however, different. Where the attempt to force a merger on Catalpa failed because Catalpa wasn't happy with the exposure its shareholders would have had to the merged entity, St Barbara's $556 million takeover/scheme of arrangement merger with Allied Gold Mining Plc is locked up, with the support of a majority of Allied's shareholders.

The ambition, however, is very similar. St Barbara has the very good, low-cost gold Gwalia mine in Western Australia throwing off a lot of cash. The mine, however, has a remaining life of only seven or eight years.

Allied has producing resources in Papua New Guinea and the Solomon Islands and exploration prospects in the Pacific Rim that have considerable upside but where the execution has disappointed, which has resulted in a halving of the Allied share price over the past year.

Bringing Allied's less mature but long-life assets in riskier jurisdictions next to St Barbara's developed operations and experienced management would create a bigger and more diversified portfolio of resources with longer term upside. The group would have three established mines, a fourth under development and some highly prospective exploration rights.

In that respect the proposed merger, which would create a group with about $1 billion of market capitalisation, is not dissimilar in concept to the Newcrest merger with Lihir Gold, with the strong Australian base and cash flows enabling Newcrest to contemplate acquiring a group that had a chequered development and production history but a very substantial resource.

Unlike the Catalpa proposal, St Barbara has ensured this merger will succeed, with 35 per cent of Allied's capital committing irrevocably to support it and another 18.9 per cent verbally committing.

That's not surprising, given that the offer is at a 92.3 per cent premium to Allied's pre-announcement share price. In another similarity with the Newcrest/Lihir merger there is a substantial overlap in terms of common shareholders, estimated at about 30 per cent.

St Barbara attributes the meltdown in Allied's price over the past year to its management's failure to deliver on production promises. St Barbara chief executive Tim Lehany and a technical team spent two weeks poring over Allied's mine sites and prospects and are confident they can better exploit Allied's 3.2 million ounces or reserves and nine million ounces of resources to both lengthen the merged group's production life and lift St Barbara's production from about 260,000 ounces of gold a year to 435,000 ounces.

That would make St Barbara the leading mid-tier gold miner in terms of production, reserves and resources, slightly ahead of Alacer Gold, although it would be behind Alacer and Regis Resources in terms of market capitalisation.

Allied's an unusual entity. It is a British company listed on the London, Australian and Toronto stock exchanges. If the offer succeeds St Barbara will be purely ASX-listed, although Allied shareholders, because the offer is a mixture of cash and shares, will own about a third of the merged entity.

Assuming St Barbara can both execute the merger and add value to Allied's projects the substantial increase in the gold resource it would control and in its market capitalisation should help it win something of a re-rating from the market. inShare

[philo124] 29/6/2012 17:06

Out at 146p early then beach on Costas all day 39C on way back to Malaga.
Hope all enjoyed the day.