Anglo Asian Mining Takeover Rumours (AAZ)


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Anglo Asian Mining Takeover Price

Anglo Asian Mining Takeover Forum Posts

Good Morning. Another Goldie with 'mid-tier' aspirations, SHG, has released further very positive drill results from its West Kenya project. With its New Luika mine fully operational, Singida on track to be producing by Q2 2023, and West Kenya waiting in the wings and continuosly great drill results,their 100,000 oz per annum target does look very achievable, hopefully next year and maybe as gold prices rise. Its brushed off takeover noises, and is still trading well below its latest, and most likely last, funding price. I like it. Gla.
Wan sorry missed your post there. What will change, simply I assume they will eventually get the new prospects online and the price will rise as profits do, slow process as they are not in a hurry despite their protestations, I dont see they need the money at that time in life and the divis and salaries are doing them just fine. I don't see anyone buying the company, the main share holders are not going to sell the family business despite Bill's once mentioned rumour of a takeover. Hunker down and let time do its thing.
Doesn’t the con work by everyone involved selling shares during the pump, not disclosing that they are doing so, then when they are done announcing some problem? As they are all in Malaysia nobody has any recourse to anything. Then, if takeover is genuine, they place MBO into receivership and buy it back from receivers for next to nothing. This happened with a listed company involved in the TV business in the Philippines IIRC. Transformative news - pump - sell - deal falls apart - insolvency - directors buy company - deal back on.We don’t know re MBO, but that’s how the con works.
A *possibility* the takeover is genuine? Of course it is. I can’t see how the con (that everyone seems so fearful of) happens by pretending re the takeover and then it not happening at the last minute. There’s no big money gain there. If there is to be a con, it’s my honestly held opinion, that the merger goes ahead, MBO gets paid their money and they do really try to create the 100m revenue as per the agreement. It’s only once they got a company with large numbers involved that interesting options open up to them. I suspect then they’ll be quite happy actually trying to create a behemoth, but also taking a large slice of pie in case it doesn’t work out. Doesn’t really matter. All of that is great for MBO. The m/c of MBO is so small as to mean even just getting the 10m is amazing.
Wan, Ive been aided by the clueless Tories, enough been said on politics though today, fwiw I trust none of them and try to steer clear. Besides I’m in enough trouble today, making up for leading my eldest astray after the football last night (somewhat nursing a sore head all day for good measure). The H.B’s have been a gift this summer, PSN in a week has been so obvious and the stalwart I go heavy on, but others have performed similar BWY, BDEV, RDW and wasn’t expecting TW. to break a quid so easy but such is the market. They’ll bounce but I’ve been taking profits. There’s got to be a takeover or two at some point too surely?
Time for Bill to start another takeover rumor, or update us on the last one we never got an answer there.
d-p, the Board control too many shares for there to be a takeover, the ethos of the company is to build a multi generational family firm. That's not to say they wouldn't accept a buy out, but it would have to be for a very substantial figure. Copper has been on the brink for years and years, it's a much watched kettle that never comes to the boil. eg, there's Solomon Gold (SOLG) sat on huge worl class tier 1 copper reserves in Ecuador with close by hydro-power, and they're struggling to get the $3 billion needed to turn it into a mine. Perhaps one fine day the deriviatives manipulation of metals will end and true price discovery occur as it did with Nickel, but it looks like another event that keeps dodging the bullets.
Hi Bwana, Glad to see you are still into THG (me too). I must admit to not being so confident on interims, even if they meet (or exceed) their guidance I am not convinced their will be a rerate. The market cap of good old MKS is roughly the same ASC, BOO, THG, SDRY, SOS, TED, QUIZ, JOUL and BWNG. Nothing makes much sense at the moment. I think THG will only rerate on a takeover or in a couple of years when everything (somehow) gets back to normal
Bumpa, I always pay attention to your input. I think they turned a corner when they bought Green Light. It all depends on the size of their acquisitions. At the moment the have 4.8mil. in cash,if they start to try and buy bigger fish then I would be a bit wary of the management. The $64 question is in your last sentence. The prices paid for the previous acquisitions was not big amounts in MIO. The other thing I liked about them is that they use remote workforce, so the pressure of wage increase demand is not there,not like here in the UK. This I feel is a very good point. This has struck me as a very important point. Also signing on decent Blue chip Co's is a very good for revenue growth for the future,the revenue stream is getting bigger. They will of course become a takeover target for the bigger fish in the future,like WPP etc.
The whole point is to acquire the shares as cheaply as possible and keeping the share price as low as possible, enabling an MBO at a vastly undervalued price. From the Buyback circular: The Concert Party as a whole is currently interested in an aggregate of 47,569,970 Ordinary Shares in the Company, representing 41.6% of the issued share capital and voting rights of the Company. The Concert Party’s interest in shares would (assuming no other allotments of Ordinary Shares ) increase to 46.2% of the issued share capital and voting rights of the Company as a consequence of the Company purchasing all of the Ordinary Shares for which it is seeking authority. For so long as they continue to be acting in concert, any increase in their aggregate interest in Ordinary Shares will be subject to the provisions of Rule 9 of the Takeover Code. The Concert Party will not be precluded from making an offer for the entire issued share capital of the Company.
ORPH has a bit off wind in its sails this time SSB a purchase yesterday of 1 million, not sure who did it but my belief is its a large investor/possibly insti buying the shares from a old director from Venn which was taken over by ORPH selling his shares he got at the takeover seems there was a load that came out of lock in last few weeks. Nothing confirmed apart from the large buy. Seems to be gaining traction this time but as you say WTFDIK
KS, I suppose the question now is,,,, what happens to TXP should T&TGOV decide not to approve to EIA at all for TXP,,,, in theory they should want to work with TXP to get it sorted and get that gas flowing,,, but, in the murky world of business I wonder if someone is pulling T&TGOV ministers strings in the background,,, a big fish who want to see TXP fail so they can take over the program or even takeover TXP at a knockdown price, fire-sale etc etc,,, I'm probably letting my negative emotions run riot in my thought process there and hopefully they'll simply sit around a table and agree what's needed and soon!!! grr!!! nuf said Wan grr!!! GLA Cheers Wan :-)
Thanks odsjp it does seem like a sound company I cant argue with that and the rejected takeover price is a big positive, mind you MARS did the same last year and the share price is now half the offer price lol but THG looks a lot stronger. I am going to keep a close eye on it. I will discard the sales growth projections as I don't know if that includes for a recession, I doubt it. That is my worry with anything I want to buy, is it as cheap as its going to go? I dont know with THG but I try to work on the principle better to buy after the bounce than before as you dont know where the bottom is off course you never are sure if its a bounce either.
4d shares suspended ... cheap takeover coming?
Seem to remember a third party announcement being wrong before at AAZ, something to do with a takeover I am sure we will have clarification on that any year now....
Lucky if it ever sees 28p again bwana but it’s interesting because 2 PIs own huge stakes there and keep adding. If you own more than 5% of an AIM company and keep buying more I assume you know that it’s undervalued. From memory one has 9% and the other 20%. I’d say their only exit is a takeover, which makes me think it will come.
Did the bidder make the elementary mistake of failing to offer the CEO a job with a pay rise after the takeover Katsy?
What's the story being THG, it's a bit hard to trace back through all those form 8.5 RNS's. From what I could see back in Sept 20 they were happy with a all share buyout of 500p, the SP reach 800p and now sitting at around 100p despite still being in takeover mode.
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