What happened with the Primary Bid offer? Just took our money and ran. |
Re IPO ends tomorrow on primary bid minimum £500 with no set price |
ACG hereby announces that the Brazilian antitrust authority (Conselho Administrativo de Defesa Econômica or "CADE") has approved unconditionally the Acquisition. The approval, which is one of the conditions to closing the Acquisition, was published on 5 July 2023 in the Brazilian Gazette and will be followed by a 15-day waiting period, after which the parties are free to close the Acquisition from an antitrust perspective. |
 ACG is a company with a vision to consolidate the critical metals industry. Through a series of roll-up acquisitions, ACG intends to become a premier supplier of critical metals to the western OEM supply chain, with best-in-class ESG and carbon footprint characteristics.
Global consumption of metals (including copper, nickel, lithium, cobalt, rare earths and others), is characterized by a growing imbalance between supply and demand, leading many to predict a new supercycle in commodities. Supply is constrained because of multi-year lead times required to bring a mine into production, combined with reduced levels of investment in new mines globally over the past decade. It is further constrained by the urgent need amongst western consumer countries and industries to diversify supply away from Russian and Chinese sources and realise greater resource security.
The global energy transition is expected to increase long-term consumption of new economy metals – these are crucial ingredients in clean-energy transport technologies, as well as in wind, solar and nuclear power. Additional demand drivers for metals as a whole include the global revival of commerce post-pandemic; global infrastructure spending initiatives; and significant new increases in defence-industry spending.
The mining universe in new economy metals is geographically-diversified, and many target assets are privately-held and with relatively limited funding options, especially in an environment of tightening financial conditions. ACG’s team has an outstanding global network in the mining industry that will enable it to quickly identify a significant number of potential acquisition targets, both in its first deal and beyond.
ACG is well-suited to provide targets with funding and development opportunities, the benefit of ACG management’s strategic and operational expertise, and the application of rigorous ESG standards in management. |
Accuma enters administration
Manchester consumer debt outfit Accuma Group has been placed into administration. A team including Zeus Group and former chief executive Charles Howson took the former AIM-listed company private under acquisition vehicle HH Bidco earlier this year. The offer was made late last year at 15.5p per share, or 88 per cent higher than the closing price on 1 December 2009. John Titley and Andrew Poxon of insolvency firm Leonard Curtis were appointed as joint administrators on 23 March. At the time of the deal, Zeus Capital's Alex Clarkson told Insider there was an opportunity to grow the business over the long term, which would take several years to unfold. No one from Leonard Curtis or Zeus was available for comment when contacted by Insider this morning. |
a buy. perhaps someone knows something :-) |
nearly there. only another 0.25p to go :-) |
Market makers making their last profits on ACG. You sell for 15.25 they pocket 15.5. |
are you lining up a counter bid bb? sell now for 15.25p |
15/16 now. |
advise me to keep or sell out ??? still 50% loss |
27 months of holding and avg down, lost faith two weeks ago, bailed -25%. Held for another 2 weeks and would have made a bit of coin. 27 months and bottled the last 2 weeks!!!! ffs.
The ones previously where I'd not bailed and I got burnt, I ditch and get burnt again.
I will concentrate on the day job and cheeky day trades. Congrats to everyone else who held their nerve though.
EDIT:
Ideal420 shall now be known as IdealBadly |
PUGG1EY: I don't hold - but congratulations on an ace prediction! |
I asume the 200K@15.5p is HH Bidco Limited (great name) buying on the open market |
Sold at 15.3p, small profit but not what I had hoped for. Never did get our 20p! |
bid still at 14.9p and interesting I can't buy any at 15p. so I say just put the bid to 15.5p, you're probably getting the business for nothing anyway regarding the cash in the bank |
you mean you can't wait another 3 and a half months? |
No more bids!! |
You mean other bidder you were talking about bb? |
Puggley don't mention another bid !!!!!!!! |
I was right about the MBO on the cheap though :-) |
could at least have the bid at 15p. cash offer ffs. Just to ramp, maybe a potential rival bidder to get some more cash for Xmas:-) I feel sorry for the person who sold out last week but that's life. |
Well i didn't get my 20p but still made a healthy profit at 15.5p. Anyhow the end of the longest bid no bid company i've ever had pleasure to be a shareholder in. A happy Christmas to all who made a profit. |
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