Hardy Oil & Gas Share Discussion Threads

[itsnotmeitsy0u] 21/1/2020 18:47

whatever you may think about him, you can't deny the fact that Richard Griffiths is extremely clever / shrewd. The cash reserves in HDY are substantially higher than the price he has paid for the the co...

[under the radar] 12/12/2019 14:04

Doesn’t sound like they are just going to roll over and take the offer!

Mandatory Offer

On 24 November 2019, Blake Holdings Limited (Blake) announced that it will make a Mandatory offer of 5 pence in cash per share, valuing the Company at approximately $4.8 million. The Offer Document and relevant Forms of Acceptance are required to be posted to Hardy shareholders (or made available electronically in accordance with the Takeover Code) as soon as practicable and not later than 28 days after the date of the Mandatory offer announcement. The Offer Document will contain the formal terms of the Offer. The Board recommended that shareholders take no action until it had issued its response which is expected to be issued within 14 days of the publication of Blake's offer document.

Should have the offer document on Fri 20th or Monday 23rd latest

[under the radar] 12/12/2019 14:03

From today’s rns

OUTLOOK

· Focus on acquiring or establishing a company, business or asset that operates in the resources sector or other industries.

· The Board intends to seek shareholder approval regarding investment opportunities prior to action being taken



Alasdair Locke, Chairman of Hardy, commented: "Hardy's board of directors (the "Board") will be writing to shareholders as soon as practicable with its formal response to the Mandatory Offer once Blake has posted the offer document. Further announcements will be made as and when appropriate. In the meantime, the Board recommends that shareholders should take no action."

[under the radar] 12/12/2019 14:00

Can still get out voted actually

[albo] 12/12/2019 13:48

Totally!!! But has control now!

[under the radar] 11/12/2019 14:17

Who knows?

You can’t lose if you buy at 5p and if they stop it you will make a nice few quid.

You are hedged

[albo] 11/12/2019 10:51

Does anybody see this going any other way than "take the 5p"?

[grannyboy] 06/12/2019 20:44

Nice to see under the radar been as articulate as ever, when it attempts to express its feelings .. But instead comes across as a spoilt child throwing a tantrum ... Didums.

[under the radar] 06/12/2019 08:06

Probably ??

You never know what could happen?!

Soon find out either way.

[albo] 05/12/2019 17:25

I'm surprised to see trades going through here at 5.5p!!!
With a 42% holder and a 21% holder (probably working together)how can you expect the BoD to get any other plan through a GM???

[albo] 26/11/2019 12:35

The BoD have no interest in doing the right thing for PI's. A cash shell with £5m must have had plenty of offers of investment opportunities. How can they recommend this offer to shareholders? Criminal.

[under the radar] 26/11/2019 07:18

RNS out

“ Hardy's board of directors (the "Board") will respond more fully to the Mandatory Offer in due course. In the meantime, the Board recommends that shareholders should take no action”



The Board will be writing to shareholders as soon as practicable with its formal response to the Mandatory Offer once Blake has posted the offer document. Further announcements will be made as and when appropriate.

[itsnotmeitsy0u] 25/11/2019 17:44

So anyone who bought in within the last 5 months stands to lose at least 20%. Doesn't look like the co. had much of a choice though...

[under the radar] 25/11/2019 16:14

News has to be close

RTO RNS overdue

And we should also get a TR1 now !