Toledo Mining Share Discussion Threads

[moosh2] 17/4/2013 15:33

kept 100 shares LOOOOOOOOOOOOOOOOOOL.

[aquilla] 17/4/2013 14:02

For those who accepted the offer by the 2nd, the money's now in!

[littlepm] 17/4/2013 13:57

offer extended till 30 Apr. They have reached 65%. I need my money now to spend :-)

[lexus880] 11/4/2013 21:16

HSBC gave me till midday today April 11, to accept or they would apply a default option which is to reject the offer

[nmf777] 11/4/2013 15:48

mine have disappeared from my selftrade account

[lexus880] 11/4/2013 15:02

Well still got mine?

[david77] 03/4/2013 18:37

Northacre NTA was recently taken over @ 96p. Those who missed the offer have sold recently for 77p. Why would anyone else buy your shares? No one else can take TMC over - I would take the money while it is still on offer and invest it elsewhere - there are opportunities elsewhere and getting even more attractive as share prices are falling.

[gussie14] 03/4/2013 18:20

I honestly have not got a clue, I bought the shares at a lot higher price and just thought what the hell, I will just roll the dice and see what happens, just hoping permits etc come through and I might get some money back. Good luck to all who are left.

[lexus880] 03/4/2013 16:36

So whats your view on the next move are we all done or is there any chance of another offer!

[ljsquash] 03/4/2013 15:11

No I'm still holding for now.

[lexus880] 03/4/2013 13:56

Am I the only PI left in this stock?

[libertineian] 27/3/2013 12:04

GL all - I have accepted too.

Do any of these mining shares with huge deposits ever come good (ala GCM.L etc). It seems they can never get the projects off the ground!!

[storming norm] 25/3/2013 22:21

Sold out as well - after 4 years 48% profit is OK. However was ever hopeful for better. Feel sorry for those that bought in higher.
Time to move on.
Goodbye TMC

[sg31] 25/3/2013 21:45

Well said mickey. It was Jason who started the ball rolling. Without him we would have got shafted.

[mickey19721972] 25/3/2013 19:05

As ever Phil thanks for your recent update and your work keeping TLG well informed over the years. I agree for a private investor its just not worth the risk not to accept the offer, take the cash and move on, compared to many aim listed miners we've actually come out of this reasonably well.
Also thanks to all the BB long termers and Jason Cropper who prevented almost certain share price dilution for PIs and who played an integral part in the 'offer' from DCMI.

[soggy] 25/3/2013 18:32

I too have taken the deal, but I also want to add my thanks to you Aqilla for all your efforts on this BB. Well done, and good luck with all your other investments.

[edward3] 25/3/2013 17:05

Phil, the end f an era, saddens me to think that TLG is over....good lucks with your investment choices....

Regards

[sg31] 25/3/2013 16:45

Thanks for your efforts Phil. All the best for the future. You are one of the good guys.
Jeff

[aquilla] 25/3/2013 16:26

The Final Word

In the spirit of openess I am posting my final email to the TLG on the BB.


Dear Members,

I hope you are all keeping well.

I have, naturally, been asked what my position is in the light of recent events.
I have referred to the two options available in my last two BB posts: to accept 50p or to say on for the long term.

The Considerations:

A)To Accept the 50p
But:
1)The price could rise as good news unfolds.
2)Mr Zhevago remains with his blocking 25%.
3)The tree-felling permit and Ipilan final permit could be forthcoming.


B)To Stay on for the Long Term
But:
1)There would be no proper market for the shares once the offer period has ended.
2)New buyers would not have the incentive to buy in at anything like these levels.
3)The share price would almost certainly drop in the short term as belated stragglers sell out...I am told the share price could...and I emphasize the word could...drop to 5 to 10p over the coming months!
4)There is no certainty that DMCI would be returning shareholder value. They could simply attempt asset stripping.
5)The independent directors, guided by the Nomad, Ambrian, have reached the conclusion that the offer is fair and reasonable....and bear in mind that it is their jobs on the line! Given the previous Ambrian valuation of around 53P, the offer would be reasonable.
6)Mr Zhevago is not in this for the share price...this is small change for him. What he wants is the nickel ore, so it would not surprise me to see him reach some sort of deal with DMCI which ignores the remaining minority.

So for all these reasons I have come down on the side of............ ACCEPTANCE.

If, in the coming months, the share price were to reach 5 or 10p then I would consider buying back in. But in the meantime I have chosen to invest my money elsewhere. Good luck in whatever you decide.

I am now disbanding the TLG.


As usual, No Advice Intended and AIMHO.

Best regards,

Phil

PS Thanks to all for your support and input over the years.

[gussie14] 25/3/2013 09:33

Thanks Aquilla, roll the dice time I think. Good luck everyone.

[aquilla] 25/3/2013 09:17

I hear along the grapevine that DMCI have already reached their 50% acceptances.

Mr Zhevago, I also understand, remains committed to his non-acceptance, thus retaining his blocking vote.

So a chance, for those following his lead, to see an upside (possibly considerable) in the future.

Good luck, whatever you decide.

[exbroker] 22/3/2013 20:10

The contract date might be when it is declared unconditional, or it could be the day you are paid out, I am not sure. If it was a scheme then I think it would be the effective date that is the CGT point.
The only thing on the stock situation system regarding dates is this

Relative Details and Dates:
Please see below for expected timetable:
2013-04-02 The Offer will remain open for acceptance until (13.00) (London time)

This means they could close the offer and only pay out those who have accepted the terms, a long wait may be ahead for those minority holders.

[david77] 20/3/2013 17:03

The offer document says that your acceptance must reach them by 1pm on 2 April - but is that then the contract date? Might be worth asking on the CGT thread.

[thesloth2] 20/3/2013 16:47

Thanks. So more likely in 2013/2014.