Central African Mining Share Discussion Threads

[larsson2] 16/9/2009 16:12

Manners2? selftrade presently 18.8 not high at all.

[davius] 16/9/2009 16:11

Funny to see all the traders bailing as they think that's the fun over, offer volume on the book at 14m now. There must have been a lot of short term money chasing this. ERNC could be picking up millions of shares under their offer price on the open market.

[thebull3] 16/9/2009 16:11

should be good for the sp, sets a benchmark share price of 20p, maybe after people digest the news the share price will rise again

[manners2] 16/9/2009 16:09

tradin loads higher at the moment!

[dealy] 16/9/2009 16:08

Even if they did offer 20p the stock would probably trade higher than that (just like Cadbury) in the belief that a higher offer would come in.

[the jackel] 16/9/2009 16:08

Hold these as more offers will come in from the other big miners and will push up the share price Still early days!

[cjdrum] 16/9/2009 16:03

surely Camec will release a counter RNS. 20p is well below NAV and they know what they can do with that.

[davius] 16/9/2009 16:02

I'd be surprised if the larger shareholders were prepared to accept 20p, I wonder if this is an attempt by ENRC to set expectations low so they can step in with a 25p 'knock out' bid in a couple of weeks.

It's done nothing to dent the ENRC share price, that's for sure, well up on the day and moved a little higher since the announcement.

[thebull3] 16/9/2009 16:02

20p for a 30% stake might be ok

[manners2] 16/9/2009 16:01

been following your posts and most of you are total dreamers; muppets.

[nicolato3] 16/9/2009 16:00

surley shareholders will tell them to stick their 20p up their...

[thebull3] 16/9/2009 15:59

these would have been higher without a takeover bid

[davius] 16/9/2009 15:56

So the first indicative offer tabled. Not a knock out blow by any means and leaves the potential for a counter offer from Vale or similar, perhaps a couple of pence higher.

But I think the bulletin board can kiss goodbye to any prospect of the 30p, 40p and higher targets that some have been talking about.

[nicolato3] 16/9/2009 15:55

the trading on l2 is rather bizarre

[lq7u0] 16/9/2009 15:54

I'll take my £4.27 pence profit then. Lol

[topinfo] 16/9/2009 15:54

So what they are saying is if we get a bid and wait even more months we might make 0.25p on the shares from where they are now....LOL.!!!!

[topinfo] 16/9/2009 15:51

NOT GOOD...


20p..LOL


RNS Number : 1825Z

Eurasian Natural Resources Corp Plc

16 September 2009

?

16 September 2009

Eurasian Natural Resources Corporation PLC

Statement Regarding Press Speculation

London - Eurasian Natural Resources Corporation PLC ('ENRC' or 'the Group') notes recent press speculation regarding discussions with Central African Mining & Exploration Company PLC ('CAMEC').

ENRC confirms that it is currently in advanced discussions with CAMEC regarding a potential offer for CAMEC. However, whilst ENRC is engaged in such discussions and is assessing the merits of a potential transaction, there can be no certainty that any such transaction will proceed. If an offer was made for CAMEC ENRC would anticipate that such an offer would be in cash and at a price of 20 pence per CAMEC share. A further announcement will be made if and when appropriate.

In accordance with Rule 2.10 of the United Kingdom's 'Takeover Code', ENRC confirms that it currently has 1,287,750,000 ordinary shares in issue, each with a US 20 cents par value (ISIN: GB00B29BCK10).

- ENDS -

For further information, please contact:

+---------------------------+----------------------+--------------------------------+
| | | |
+---------------------------+----------------------+--------------------------------+
| ENRC: Investor Relations | Mounissa Chodieva | [phone] |
+---------------------------+----------------------+--------------------------------+
| | James S Johnson | [phone] |
+---------------------------+----------------------+--------------------------------+
| | Marianna Adams | [phone] |
+---------------------------+----------------------+--------------------------------+
| | | |
+---------------------------+----------------------+--------------------------------+
| ENRC: Press Relations | Julia Kalcheva | [phone] |
+---------------------------+----------------------+--------------------------------+
| | | |
+---------------------------+----------------------+--------------------------------+
| M: Communications | Hugh Morrison | [phone] |
+---------------------------+----------------------+--------------------------------+
| | Edward Orlebar | [phone] |
+---------------------------+----------------------+--------------------------------+
| | Elly Williamson | [phone] |
+---------------------------+----------------------+--------------------------------+

About ENRC

ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore pellets; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan. The Group's entities, in the period, employed approximately 64,160 (2008: 67,450) people, including about 3,000 added in H1 2008 with the acquisition of Serov and a further 600 with Tuoli in H2 2008. In 2008, the Group accounted for approximately 5% of Kazakhstan's GDP. The Group currently sells the majority of its products to Russia, China, Japan, Western Europe and the United States. For the half-year ended 30 June 2009, the Group had revenue of US$1,695 million (2008: US$3,442 million) and profit attributable to equity shareholders of the Group of US$553 million (2008: US$1,343 million). For further information please see the Group's website, www.enrc.com.

This announcement does not constitute an announcement or a firm intention to make an offer under Rule 2.5 of the United Kingdom's 'Takeover Code' and there can be no certainty that any offer to acquire CAMEC shares will ultimately be made.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the United Kingdom's 'Takeover Code' (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of ENRC or CAMEC, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of ENRC or CAMEC, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of ENRC and CAMEC by ENRC or CAMEC, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.

Forward-looking statement

This announcement includes statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will', or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include matters that are not historical facts or are statements regarding the Group's intentions, beliefs or current expectations concerning, among other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies, and the industries in which the Group operates. Forward-looking statements are based on current plans, estimates and projections, and therefore too much reliance should not be placed upon them. Such statements are subject to risks and uncertainties, most of which are difficult to predict and generally beyond the Group's control. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. The Group cautions you that forward-looking statements are not guarantees of future performance and that if risks and uncertainties materialise, or if the assumptions underlying any of these statements prove incorrect, the Group's actual results of operations, financial condition and liquidity and the development of the industry in which the Group operates may materially differ from those made in, or suggested by, the forward-looking statements contained in this announcement. In addition, even if the Group's results of operations, financial condition and liquidity and the development of the industry in which the Group operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in future periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations, changes in business strategy, political and economic uncertainty. Subject to the requirements of the Prospectus Rules, the Disclosure and Transparency Rules and the Listing Rules or any applicable law or regulation, the Group expressly disclaims any obligation or undertaking publicly to review or confirm analysts expectations or estimates or to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any changes in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

This information is provided by RNS

The company news service from the London Stock Exchange

SPCDGGMLDVDGLZM

(END) Dow Jones Newswires

16-09-09 1447GMT

[velvetide] 16/9/2009 15:50

TIDMENRC

RNS Number : 1825Z
Eurasian Natural Resources Corp Plc
16 September 2009

?
16 September 2009




Eurasian Natural Resources Corporation PLC


Statement Regarding Press Speculation


London - Eurasian Natural Resources Corporation PLC ('ENRC' or 'the Group')
notes recent press speculation regarding discussions with Central African
Mining & Exploration Company PLC ('CAMEC').


ENRC confirms that it is currently in advanced discussions with CAMEC regarding
a potential offer for CAMEC. However, whilst ENRC is engaged in such discussions
and is assessing the merits of a potential transaction, there can be no
certainty that any such transaction will proceed. If an offer was made for CAMEC
ENRC would anticipate that such an offer would be in cash and at a price of 20
pence per CAMEC share. A further announcement will be made if and when
appropriate.


In accordance with Rule 2.10 of the United Kingdom's 'Takeover Code', ENRC
confirms that it currently has 1,287,750,000 ordinary shares in issue, each with
a US 20 cents par value (ISIN: GB00B29BCK10).


- ENDS -

[the jackel] 16/9/2009 15:49

Huge trading volume of around 36 million so far there must be a RNS coming 2moz morning!

[thebull3] 16/9/2009 15:41

who knows? It wouldnt suprise me if someone was aquiring stock on their behalf, why not, it surely saves ENRC money at the end of day and possibly makes a paper proft if someone comes in with a higher bid

[spike33] 16/9/2009 15:24

Don't think the price can be held down for them to get on board .... or can it ?

[thebull3] 16/9/2009 15:13

ENRC probably spike

[spike33] 16/9/2009 15:09

Nearly 20 Million vs 6 million. Is TT buying on behalf of anyone else at 20p ?

[larsson2] 16/9/2009 14:32

Well the boards are full of gossip. So far we have a stake build going on ENRC offering 20p. We also have Accounts must be submitted by end of month or CFM gets suspended. Its all oozing out along with large volume expected this afternoon and rns tomorrow. Plus the lorry fleet has expanded in numbers and cobalt production is healthy despite the mine closure earlier this year.

Think that about covers it but feel free to peruse iii and the LSE boards for more inside gossip and possible outcomes.