Boostgold Discussion Threads

[lindybee] 17/3/2010 10:52

I only get until the 24th as mine are in a nominee account. Grrr!

[ldmachin] 16/3/2010 13:23

Only 2 weeks to go until Constellation's 33p offer initial date closes:

"The first closing date of the Offer is 31 March 2010."

They only need to get 5.52% acceptance to give them a 50% controlling stake and then it's game over...

... other potential suitors need to start showing their hands and soon, before shareholders make their minds up about Constellation offer.

[isis] 15/3/2010 16:41

Name of person dealing(Note 1) Millennium Partners, L.P.*
=-----------------------------------------------------------
Company dealt in GLADSTONE PLC
=-----------------------------------------------------------
Class of relevant security Ordinary Shares
to which the dealings
being disclosed relate(Note 2)
=-----------------------------------------------------------
Date of dealing 12 March 2010
=-----------------------------------------------------------




2.INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE





(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)



Long Short
=--------------------------------------------------------------------------
Number (%) Number (%)
=--------------------------------------------------------------------------
(1) Relevant securities
=--------------------------------------------------------------------------
(2) Derivatives (other than options) 4,600,000 9.51%
=--------------------------------------------------------------------------
(3) Options and agreements to purchase/sell
=--------------------------------------------------------------------------
Total 4,600,000 9.51%
=--------------------------------------------------------------------------

[ldmachin] 15/3/2010 15:30

Where are they getting all this stock from!... (I bet those CFDs Millenium keep going long on are naked).

[isis] 15/3/2010 14:41

Credit Suisse holds 6.3% - probably for Nominee purposes only I would think.

[patviera] 14/3/2010 12:14

I thought it was something you went to.Are tandem a buy or is there a bigger picture with you taking an activist role?

[greengiant] 14/3/2010 10:04

Not going, live in SW France so a bit of a commute I am afraid

gg

[patviera] 13/3/2010 20:04

gg..u meeting on monday night?was thinking of coming but quite a way for me!!will look at fsg.thx

[davidosh] 13/3/2010 11:41

gg...Well done on TND. Now the fun starts. I have a reasonable chunk of FSG btw.

[greengiant] 13/3/2010 08:59

pv - bought a few on the rec. Thanks (have you looked at FSG?)

gg

[patviera] 12/3/2010 15:09

gg...hopw you bought cc! 41 to 45!!!

[bobthetrader] 12/3/2010 13:07

Trafalgar Asset Managers now involved at 34p!

[isis] 12/3/2010 12:04

Rule 8.3 of the Takeover Code)





1.KEY INFORMATION



Name of person dealing(Note 1) Millennium Partners, L.P.*
=-----------------------------------------------------------
Company dealt in GLADSTONE PLC
=-----------------------------------------------------------
Class of relevant security Ordinary Shares
to which the dealings
being disclosed relate(Note 2)
=-----------------------------------------------------------
Date of dealing 11 March 2010
=-----------------------------------------------------------




2.INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE





(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)



Long Short
=--------------------------------------------------------------------------
Number (%) Number (%)
=--------------------------------------------------------------------------
(1) Relevant securities
=--------------------------------------------------------------------------
(2) Derivatives (other than options) 3,094,729 6.41%
=--------------------------------------------------------------------------
(3) Options and agreements to purchase/sell
=--------------------------------------------------------------------------
Total 3,094,729 6.41%
=--------------------------------------------------------------------------




(b)Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)



Class of relevant security: Long Short
=---------------------------------------------------------------------
Number (%) Number (%)
=---------------------------------------------------------------------
(1) Relevant securities
=---------------------------------------------------------------------
(2) Derivatives (other than options)
=---------------------------------------------------------------------
(3) Options and agreements to purchase/sell
=---------------------------------------------------------------------
Total
=---------------------------------------------------------------------




(c)Rights to subscribe (Note 3)



Class of relevant security: Details
=------------------------------------




3.DEALINGS (Note 4)

[isis] 12/3/2010 11:38

Bids 33.6 on 100k 34.9 on 50k

[greengiant] 12/3/2010 08:26

Hi Guys,

Thanks for the thoughts - will have a look at the shares mentioned. Still in RNSM and looking to add more.

gg

[boll] 11/3/2010 23:19

Well done to gg for getting out at 34p a share./ I am still trying to work out what Millenium are doing - if they are going to make a bid they had better hurry up looking at their web site they own stakes in various companies. I would have thought that Gladstone would be to much of a mature business for them to invest in. Any way we will wait and see- in the meantime I think its going to be difficult for Constellation to take over Gladstone at 33p sop i think they may have to raise the offer to 35p which should tip the balance for them.

[bobthetrader] 11/3/2010 22:07

I'm still holding!

[moorsie2] 11/3/2010 21:32

Davidosh - I agree and thats what I meant.

The point I was trying to make (albeit badly!)was that only Millenium will drive Constellation higher and we can all ride on the back of that higher bid

[patviera] 11/3/2010 21:14

gg...clintons have just announced intention for a buyback...shares retreated from 52p to 41p...surely will be passed at agm..i reckon a nice 20 pct in 8 weeks.
thoughts?

[davidosh] 11/3/2010 19:03

LDM....The GVC share price has fallen off a cliff and a buyer at £8.50 four years ago will not agree with you. The company was not involved in the USA like LNG but has destroyed value for investors over the same period whilst directors have had very handsome returns. You cannot even remotely compare options as the GVC guys have gained 10x more of those too. Anyway no need to argue the point here.

[davidosh] 11/3/2010 18:56

Moorsie2.....Constellation cannot do a deal at 38p with Millenium without offering all remaining holders the same deal as they are now within the conditions set by the takeover code. It is more likely Millenium will try to push any third party higher and guarantee their stake to them which in itself pushes Constellation higher to either compete or also sell out to the bidder.

[moorsie2] 11/3/2010 18:05

Big time.

There is no way a serious outfit like Millenium would throw money away. So such large buying at 34p indicates that they see a return above this number. The clincher to this deal is negotiations between Millenium and Constellation now. If C can convince M to sell to them at 38p then its game set and match for us all but C cannot just ride this one out at 33p