Baobab Resources Share Discussion Threads

[pete_bain] 31/3/2015 11:01

No peetle. Heard eff all

[peetle] 31/3/2015 10:49

Anyone with Barclays heard anything ? I keep checking their "corporate actions" lists and Baobab aren't appearing. They normally send an e-mail when there's something required of us but I've heard nothing yet.

[tr4der1] 31/3/2015 00:37

what is they call in the $1 million loan?

[exbroker] 30/3/2015 19:25

If the offer is not unconditional as to acceptances the first close it can be extended for another 14 days. I am pretty sure that there will be enough acceptances to take this way over 50% and might be over 75% as well. Then you have to wait for the clearance in Mozambique.

[katylied] 30/3/2015 18:16

"these Shares were purchased by way of an inadvertent mistake (lol!) and, having consulted with the Independent Directors, has granted a dispensation from the requirement to make an offer in accordance with Rule 9 of the Code... The Offer is now conditional upon a minimum acceptance condition that valid acceptances are received which will result in Redbird and any person acting in concert with it holding Shares carrying more than 50.0 per cent of the voting rights then normally exercisable at general meetings of Baobab...

Redbird appear to be really hedging their bets now. If they don't get those extra commitments within the period of the offer (~14days), looks like they might bail out completely, without paying. They have set the bar low at 50%, but controlling less than 75%, they will also need that seperate vote to approve delisting...

[tr4der1] 30/3/2015 17:10

You can jump ship from this wreck

[kbrook] 30/3/2015 16:51

Got my communication from broker today with the offer. The way I read the email if you don't reply that will be a rejection. Up to 14/4 to reply. I have accepted.

[exbroker] 27/3/2015 10:26

The good news is that they will declare it unconditional at 50.01% so send in your forms and take the cash!!

[solonic] 27/3/2015 09:58

Think yourself lucky, mort. pete_bain inadvertently bought 4 million shares in this baby at an average of 53p. He's been trying to sell them to pensioner2 today by telling him that all this month's deals have been buys. pensioner2 believes him.

max is advising pete to hang on until they reach £3. Tuck has calculated that this will definitely represent a certain uplift of 8765% and has declared "nobody's having mine!"

loveit has not understood a word of the above. It doesn't matter because he doesn't own any shares. However, because he controls what is said on this thread he is laughing his socks off in the Scool for Spelling.

Fangorn2 is there too in the next bed shouting LALALALALALALALLA. Alas, he cannot afford socks to laugh off.

kevin is trying to put together a Male Voice Choir from the above and has a feeling in his guts that they will win next year's Eisteddfod to get all their money back.

[tr4der1] 27/3/2015 09:56

It's no mistake, all engineered, happened to many aim stocks.

[tr4der1] 27/3/2015 09:54

Kibo is good aswell for those who wants to jump ship. DYOR though.

[tr4der1] 27/3/2015 09:51

Rns confirms redbird has been buying in the open market.

[haff1] 27/3/2015 09:45

..I'm out now ...sadly but I leave having made a little so hey...now looking at VOG as the new BAO...

[mortimer7] 27/3/2015 09:36

"these Shares were purchased by way of an inadvertent mistake". Yeah right, I was thinking. Then I realised that must have been what I did a couple of years ago to ending up owning shares in this outfit. So it can happen!

[kerri28] 27/3/2015 08:46

ok point taken! Thanks

[solonic] 27/3/2015 08:21

Kerri just listen to the advice that max/petebain/love it/fangorn2/pensioner2 etc will give you when they have duly chewed the matter over. They really are world class posters who will not let you down in any way.


LOL

[pete_bain] 27/3/2015 08:19

Sounds that way kbrook. Maybe they weren't going to achieve the higher percentage. As more holders than they bargained for were not accepting the offer. I think I am going to accept and have rid.

[kerri28] 27/3/2015 08:07

should we sell or do we wait for 6p??

[kbrook] 27/3/2015 07:31

The offer document is being published. Don't fully understand today's RNS. But apparently the 18 million share they have bought recently were an inadvertent mistake!

It also seems they only need 50% to complete the deal.

I may have read it wrong but I am sure that some wise one will correct me if I have.

[tr4der1] 25/3/2015 23:42

Bods and redbird together robbed us all without even holding a gun. Making money from robbing others is in their blood, they call it business.

[exbroker] 25/3/2015 21:24

This deal is covered by the Take Over Code and is enforced by the Take over panel.
They can and do ask any broker who the beneficial owner of any shares in a take over stock is or who the buyer is. The broker has to tell them no if no buts. The rest of AIM you can have your opinion on but on this it water tight.

[seanywauny] 25/3/2015 19:30

Anyone who thinks that companies don't lie or inform the market of share purchases or selling is sorely deluded. It happens all the time, especially on AIM.AMI was riddled with it.