Conroy Diamonds & Gold Share Discussion Threads

[scotswhaehae] 07/1/2011 16:21

PATTY123...well done...nice to see you here...I'm adding slowly too...next leg up should see us at 10p plus for starters imo...hope that's not too bullish for old Scott84!

[patty123] 07/1/2011 16:02

bought another 50k shares today

[scott84] 07/1/2011 15:06

N4ds on the ramp thread using other people's posts to ramp Vmp.

At least he's not pinching yours now cats ;-))

[catswhiskas] 07/1/2011 15:04

Yawn the sellers are starting to get boring time to go out have a good weekend all hopefully news next week .

[yorgi] 07/1/2011 14:10

Thats it a few more shaken out so up it goes again.......Predictable even if the timing is not !

[peetle] 07/1/2011 14:00

Currently you can buy for 7.12 and sell for 7. L2 at 7 v 1 (count 'em) suggests another shake.

Order book in Dublin looks like this. It suggests that someone wants the shares...

...Bz........Bid...|....Ask.......Az
100,000....0.08....|....0.095....5,000
105,000....0.0798..|....0.0950...5,000

[mr_dross] 07/1/2011 13:00

agreed .. t traders now getting out at a loss or even at best

[yingtong] 07/1/2011 12:58

When it was 7.25/7.75 most of those sells were buys. Actual quote was 7.25/7.37 on dummy trades.

[catswhiskas] 07/1/2011 12:55

Down on fairly heavy pi selling I think its the wrong call but I suspect millions were bought on credit after a quick buck which as always is the recipe for disaster .

[yorgi] 07/1/2011 12:49

Up and down like a yo yo

[yorgi] 07/1/2011 12:16

Something is going on that I'm convinced about but quite what I don't know. You may well be right Cats

[catswhiskas] 07/1/2011 12:13

yes pure speculation about it being a hostile bidder whos got the shares .
Its being held at this level so the buyer can hoover up sellers stock at 7.5pish and the buyer is probably looking at a hostile bid of 10p per share next week representing a good premium on the current share price If you were a fund you would have informed the company by now like Kenglo One Ltd yesterday .
All speculation might be well wrong but the plot thickens here and someone has got those shares .

[mr_dross] 07/1/2011 11:58

the hostile is pure spec ofcourse .

kenglo said in the holding rns they were sold on the open market .

so we now know that the 2x 12.5 million trades were both sells .

but there were a lot of 1 million+ trades .

and the share price has hend this level not risen ort retraced .. its being held here for a rerason .

colins stewart were the seller for kenglo because we saw when they had finished selling as they run for cover

[catswhiskas] 07/1/2011 11:38

There was no X Trade for 49 million shares the buyer swooped into the market and started buying very aggresively and is still there buying .No one will know anything if its a hostile bidder as they havnt yet revealed their hand and only the Broker whos acting for their client buying the shares will know who it is at this point its only when they disclose their holding and a hostile takeiver price all hell breaks loose .

[maxbubble] 07/1/2011 11:30

surely it just would have been a 49m cross trade if it was to the one person - all done and dusted in 2 seconds

[unimog] 07/1/2011 11:27

is there not some rule that if someone holds 29% they have to make a full bid witin xxx days...sure I heard /read it somwhere?

[argy2] 07/1/2011 11:25

maxbubble

Your source for that is?

[catswhiskas] 07/1/2011 11:24

I doubt it maxbubble going to take a huge effort and more than one day to sell 49 million shares to pis / smaller clients .

[maxbubble] 07/1/2011 11:21

It seems somebody bought the shares and then moved them on again maybe to smaller holders/clients

[mr_dross] 07/1/2011 11:20

cats ofcourse they wont

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we through the idea of a hostile in the ring on iii last night see below from teh bottom up.

--------------------------

I think prof does have a blocking stake but Im not sure anyone know ?
I do know that if a bidder gets control of 90% of the company they automatically acquire the remaining 10% as mandatory .I also think if they acquire 75% that is a major milestone .Looking at the info Mr Dross has just provided it might not be that difficult to get 75% if the bid is pitched perfectly ,and should that happen Prof would probably but very reluctantly fold .Yes a hostile bid is possibly on the cards if no news of the buyer tomorrow and more 500ks turn up .
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Thu 23:11 Re: Buyer Still Buying Mr Dross





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i would love a hostile .. more money per share
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Thu 23:09 Re: Buyer Still Buying Mr Dross 1





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ofcourse .. with the volume traded yesterday and the share price held back ..

these are the current top holders on the co web site . that totals to aprox Professor Richard Conroy:
40,377,639 (21.20%)

Bruce Rowan:
10,450,000 (5.49%)

Patrick O'Sullivan:
10,000,000 (5.25%)

Gartmore:
9,221,281 (4.84%)

t1ps Investment Management Limited:
7,142,857 (3.75%)

that totals to aprox 77 million out of 230 leaving 163 million available well .

with whats been traded the last few days .. they could well hold over 40% already 92 million

i for one cant wait for teh next rns .

has anybody realised that we have not recieved a ( we know of no reason ) rns yet
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Thu 23:08 Re: Buyer Still Buying Spector Of Doom





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Just to add to my speculation if it was a hedge fund buying KOLS shares they too would have agreed a price they wouldnt buy them on the open market pushing the price against them .
Conroy can do nothing hence no announcement as to date they know nothing wont have received an approach and wont have been informed whos buying the shares but a worried Professor Conroy will have his team on the case to find out who the hell it is !
No announcement tomorrow and I bet its a hostile bidder ,better get the tin helmets out ready for all the shareholders letters slagging one another off .

LOL
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Thu 23:01 Re: Buyer Still Buying Spector Of Doom





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The seller KOL has reported .All these shares were bought on the open market so the buyer has gone into the market and literally hoovered them up .Now I dont think another fund or insti would do that they would approach KOL and agree a price and the sale and purchase would be through a broker as an X Trade.Now a hostile bidder wouldnt do that as KOL would say oh hello we have a bidder for cdg better hold onto our shares for a better price ,a hostile bidder swoops into the market in a fashion we have seen over the last 2 days and hoovers up all the shares and then all the games begin when they have over 50% ie the majority shareholder.
Lets take a look at the facts Conroy is sat on literally a Gold Mine and could be worth many times its current valuation .Now the Professor isnt going to entertain any bids or talk to anyone about acquiring the entire issued share capital of CDG any price south of 50p so any bid is going to have to be hostile and with the price of gold as it is and rising and cdg sat at 7p someone somewhere started the ball rolling yesterday to steal this company for a song 20p would do it imho and my goodness theyve got themselves a bargain .
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Thu 22:55 Re: Buyer Still Buying Tal21 1





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Spector,

I also noted this continued buying today. Ordinarily the accumulation of a position in excess of 30% would not be possible under the UK Takeover Code as a mandatory offer would be triggered once a position of 30% was reached. However, interestingly, I do not believe that this company is subject to the Takeover Code albeit listed on AIM as it isn't incorporated in the UK and even if it was it is not centrally managed and controlled in the UK.

So you might have something!
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Thu 22:37 Re: Buyer Still Buying Mr Dross 6





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i think we all agree theres something brewing .
the share price is most deff being held down and if someone wants to give me 20p a share in the next few weeks / months i will rip there arms off .
20p a share works out under 50 million .. cheap as chips for a big player
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[catswhiskas] 07/1/2011 11:17

Mr_Dross the nomad will tell you nothing even if they do know .

[catswhiskas] 07/1/2011 11:15

The market is flushing out sellers weak holders and T Traders and all your shares are going to the buyer .The mms play mind games to get you to sell and will always get the T Traders shares.No RNS as the buyer wants to be kept anonomous until they have finished to avoid a hike in the share price ,could be a hostile bidder imho and Im surprised at the amount of pis who have sold considering the situation they will be very dissapointed next week imo.

[mr_dross] 07/1/2011 11:11

i just spoke to the nomad for conroy and they told me theres nothing that they know of happening and if the company are informed of anything they will inform the markets the same as yesterday .. it normally takes about a hour to get a RNS together .

and because of EU regulations the buyer crossing a threshold has to inform a company within 2 days of crossing said thresholds .

[yorgi] 07/1/2011 10:58

Back up all square again......very odd !!!

[peetle] 07/1/2011 10:48

Might not get it until they've finished buying, unimog, and I don't think they have.