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CNM Consol.Minerals

206.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Consol.Minerals LSE:CNM London Ordinary Share AU000000CSM6 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 206.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Consolidated Minerals Share Discussion Threads

Showing 2551 to 2575 of 2700 messages
Chat Pages: 108  107  106  105  104  103  102  101  100  99  98  97  Older
DateSubjectAuthorDiscuss
10/9/2007
23:31
Somebody managed to russle up 250,000 shares at 172p.

The tone of the comment on the very welcome vote no website, makes me think that maybe the authour has taken some of his own advice and sold at least some of his holding in the market.

The history of the situation is interesting though.

sammu
10/9/2007
10:09
An interesting new write up on the "Vote No" website of Glenn Stedman & Keith Barnard "The Bidding For Consolidated Minerals Descends Into Farce":
greenleaf
10/9/2007
08:45
Today's close on ASX A$4.32/4.34 (£1.75/1.76) - still well ahead of the AIM price, currently £1.66/1.70

It's strange the way that the UK price remains consistently lower than the AUS price. This should provide an arbitrage opportunity for anyone who is able to exploit it, but perhaps the number of shares available here is too low to be worth bothering?

greenleaf
09/9/2007
13:46
More fun and games.
Lots of shares traded and a A$4.30/1 close

Wonder what Monday am will bring

phillis
07/9/2007
08:08
Sammu. The board seems quiet but feel sure there must be many like myself who don't necessarily have much further of substance to add but that read all your comments, most of which have been spot on in regards to the value of the company and likely scenarios in this long battle. Who knows where it will end but I am not parting with mine untill the fat lady sings and pays up.
a3477681
07/9/2007
07:41
P willing to compensate holders for any increase in other offers.
They certainly expect them then....

phillis
07/9/2007
07:01
This sort of highlights how little this is traded/watched in the UK. Yesterday the UK market wasn't very interested in the new offer announcement that came out, edging up 1.5p. While last night the Aussies lapped it up and also seem to be expecting another bid.
sammu
07/9/2007
05:48
ggod move sammu .. big rise in Oz overnight share price closed at aus$4.30 up 24 that is = 1.76 in our money
gryphon2
06/9/2007
20:01
I topped up today, I don't see any downside and think the chance of another offer (from Palmary or another) is quite high.

This board seems a bit sleepy have people sold out already?

sammu
06/9/2007
18:07
Just shows how opertunist and low Palinghurst's original offer was. Worst stll the board excepted the first offer!!!!!!!!!! Fools or corrupt?
dpmcq
06/9/2007
12:45
buyers appearing at 164 they know something .. hold tight!!
gryphon2
06/9/2007
12:41
Palinghurst's "innovative" option is a load of rubbish in my view, but highlights that they are worried about further bids from Palmary and/or others.

I don't think this is over yet.

sammu
06/9/2007
08:17
Bidding War

Updated offer $4.10 by palinghurst

dpmcq
04/9/2007
23:26
"Palmary's Bidder's Statement that is scheduled to be dispatched to CSM shareholders before the end of October."

That gives plenty of time for a fourth party to get invloved - in the party.

sammu
04/9/2007
04:17
directors recommend latest offer withdraw recommendation for palinghurst.. note ukmm is offerring 8p per share less to buy at the moment than the OZ price .. not worth selling in UK market assuming no further bids which cannot be ruled out .. better to accept the cash offer which converts to 1.61p on my 20k holding that is an extra uk800 pounds
gryphon2
01/9/2007
10:45
Pallinghurst may have just made a nice bit of pocket money on what they have bught aready.
nickgrant2
01/9/2007
07:36
True but P is not currently the highest bidder and -in my view- is unlikely to be

Palmary is a private vehicle and you will not be able to buy shares therein

phillis
31/8/2007
19:22
Phillis - thanks. That's an important point :-)
However, at least Pallinghusrt is today (I believe) still offering investors that don't want to sell the chance to have their shares transfered into NewCSM (cash or scrip offer). I suppose its not impossible that others may make the same kind of offer as/if the bids further evolve? Additionally, if my shares do come to be compulsorily acquired, I would consider buying shares in NewCSN anyway - if I still believed there was substantial upside.
I'd appreciate your well-informed advice on whether I've misunderstood the process here. Thanks!

bigtbigt
31/8/2007
16:33
When bidder X gets CNM your shares will be compulsorily acquired at the offer price and you will cease to have any further monetary interest
phillis
31/8/2007
15:56
Phillis: regarding your comments
"What does Big T stand for... or is that a silly question?
Read the second paragraph of today's RNS"

I'd tell you if I thought you really wanted to know! Perhaps we could all guess, ...and sugest completions for the phrase "Phill is ..."
And FYI, I asked my question rushing between meetings, before I'd had a chance to read the RNS news that came out just an hour or so earlier.
...all good fun :-)

Anyhow, my oversight and your less-than-generous response just serve to illustrate how quickly things are moving re CNM. In such a torrid environment with so much interest from bidders, it seems unlikely we've hit a ceiling in share price quite yet. So I'm staying heavily invested for now.

The question I'm now starting to ponder is what happens after bidder X gets CNM. Are we likely to see a drop in share price whilst their plans are polished and communicated, or a further bounce (and in what time frame). Many unknowns make this a hard call right now, but I am surprised to see Palmary stating that the fair value of CNM (according to 'independent experts') is only AUD 2.32-2.77

bigtbigt
31/8/2007
13:16
how much more is there I wonder in these bidders? 10%
gryphon2
31/8/2007
11:45
From what i gather it was tinfos who were already granted due diligence and they are also now shareholders. The battle may not be over yet. The management have lost a lot of respect as have pwc. As stated pallinghurst handled this very poorly .If they had offered a decent price at the outset .they could have got this company on the cheap. Agree with leadersoffice the no campaign and glenn steadman deserve our sincere thanks.
culchi
31/8/2007
09:44
I have had a look at the 10 announcements at ASX. The interesting thing is that CNM say that they are granting due diligence to Palmary. However, earlier in the week they said that they were granting due diligence to an undisclosed party. It appears therefore that another party is undertaking due diligence but has not yet made an offer. Perhaps this is what underpins the rise to 4.07 in Australia.

London prices now look an irrelevance. I doubt that many shares are held here now and personally have made up my mind to wait for the final outcome. It looks to me as if Palmary are in the driving seat and clearly they have very strong reasons for wanting control of the manganese.

MH

midherts
31/8/2007
08:46
Interested to see what conditions are in the Palmary bid, but great news at the push up to 3.95. Dividend pay day today as well!
goingforgreen
31/8/2007
08:23
Man with deep pockets is indeed buying Consmin!

Who will win?

1 Tinfos
2 Palmary
3 Territory
4 Pallinghurst
5 Next Mystery Punter no 5?

Nice profit for Gilbertson if he looses.

Looks like trade buyers in the know think the value of the co is a lot higher than the financial investors.

sharpshare
Chat Pages: 108  107  106  105  104  103  102  101  100  99  98  97  Older

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