Bullion Res Share Discussion Threads

[macca28] 15/2/2005 20:41

even better is that they have not waited,this time,
they have actually let there investors know
something is about to happen one way or the other,

[topvest] 15/2/2005 20:18

Good news. Been in this for 18 months waiting for this deal. Got in a bit early as it happens, but could be interesting now.

[stevea171] 15/2/2005 20:01

Thanks Macca. But then there was another company in Oct 04 that they were reported to be discussing a deal with as well. So that is at least 3 companies that a deal has fallen through with.

It is to be hoped this time BOTH sides are serious about a deal. It seems that BLO learned a lot from the unsuccessful early 04 negotiations, and so set about the changed corporate structure. But still a deal eluded them in late 04, so they have even more experience to realise what is necessary and what is possible ........... and what not to do!

[macca28] 15/2/2005 19:45

here we go 20th april 04

Malcolm Burne, who has taken over as chairman, told Mineweb the changes were necessary if Bullion was to move on. The company in recent months had worked on two separate deals that came close to completion, "but the baggage was too heavy. A reverse takeover needed a cleaner structure."

He added: "We are putting into place the right corporate structure and profile that can give the market confidence that Bullion can do a serious quality deal."

Burne said that both the companies Bullion had talked to without success had subsequently listed on AIM.

[macca28] 15/2/2005 19:39

bullion did not disclose the names,but i will try to find
the report for you

[stevea171] 15/2/2005 18:20

macca. What are the names of the 2 companies they were in talks with previously and both now have their own AIM listing?

The document that the AIM Notice refers to could be the takeover offer document to BLO and their notification and recommendation to shareholders:

'temporarily suspended from 15/02/2005 1:20pm pending publication of a
document.'

I would hope this suspension is for no more than a week or two at most, given how far progressed they seem to be and the almost complete lack of progress in the last year apart from accounting issues and board changes, etc.

[linslader] 15/2/2005 17:40

IMVHO can only be good for us.

[greenspamster] 15/2/2005 17:25

They will issue equity to acquire the new company and given that its a reverse takeover must mean that they will more the 50% of the enlarged company.

[macca28] 15/2/2005 17:13

well this is the market report at close,

Bullion Resources jumped 1.75p to 6.25p, at which point
it was suspended as the group revealed it may become
the target of a reverse takeover.

[macca28] 15/2/2005 16:22

so if the deal goes through, does that mean
bullion will own the other company, and (if the other company
are in the stock market),how do they sort out the shares,

[greenspamster] 15/2/2005 15:41

Aim would have made them suspend the share. Hopefully as being in talks for so long and the fact share actually began to move that the deal is a done deal. Just depends how good the project/company that is being reversed in. If a good oil exploration play (look at COP or MDL) then we could be in for a nice rollercoaster share price ride.

[mohamed99] 15/2/2005 14:24

like glow.......................................................................

[linslader] 15/2/2005 14:03

I hope it's not like some temporary suspensions that last for months :-(

[macca28] 15/2/2005 13:47

there were two statements released,the other from aim


AIM
15 February 2005

NOTICE

(76)

15/02/2005 1:20pm

TEMPORARY SUSPENSION OF TRADING ON AIM

BULLION RESOURCES PLC

At the request of the company trading on AIM for the under-mentioned securities
has been temporarily suspended from 15/02/2005 1:20pm pending publication of a
document.

Ordinary Shares of 1p each (3-169-878)(GB0031698789)
fully paid


If you have any queries relating to the above, please contact AIM Regulation at
the London Stock Exchange on 020 7797 4154

[mohamed99] 15/2/2005 13:38

WHEN LIFTTED ............ ?

[macca28] 15/2/2005 13:31

does any one know who the company are?

[stevea171] 15/2/2005 13:28

False market is arising because noone knows the details of the pending deal or even if it will be completed!

[linslader] 15/2/2005 13:28

with a bit of luck when they start trading again we should see a rise.

[macca28] 15/2/2005 13:26

theres a bit of a frenzy happening with the trades at the moment,
why should they suspend them?

[stevea171] 15/2/2005 13:23

Suspended pending talks that may lead to a reverse takeover.


Bullion Resources PLC
15 February 2005

Bullion Resources plc (the 'Company')

The Company notes the share price movement today and wishes to announce that it
is in advanced stage talks which, if completed, will amount to a reverse
takeover of the Company. The Directors have therefore requested an immediate
suspension of the shares from trading on AIM.

[mohamed99] 15/2/2005 13:17

6.25 / 6.44 .................GOOD PRICE

[macca28] 15/2/2005 13:11

looking at the buying and selling, there seems to be a lot
of hoarding going on here

[macca28] 15/2/2005 12:59

they were very close to signing a deal with two companies
last year who have since been admitted to the aim market,
so it might be third time lucky,something is definately afoot

[mohamed99] 15/2/2005 12:56

TREEEEEEEEEEEEEEEEEEEEEEEEEE SHAKE

[mohamed99] 15/2/2005 12:45

THIS TIME LAST YEAR BLO RISE 3.5 TO 7 P .........................