Consolidated Minerals Share Discussion Threads

[gryphon2] 18/7/2007 09:04

something stirring .. nothing but sells yet the price is rising .. price rose in oz as well..

[makingheaps] 17/7/2007 22:56

Didn't Noble sell out before the profits warning fiasco referred to by Culchi above? Not sure I trust any of this lot. seems they all have an inside track.

[sandpipers] 17/7/2007 14:01

No to both bids!

[gryphon2] 17/7/2007 11:31

Culchi .. I am like you company seems to be going well .. why slel out to two leveraged operations .. based on results the company probably has mmore credibility than either of the two bidders

[leadersoffice] 17/7/2007 11:11

Totally agree. Neither offer is really a 'knock out blow' or incentive. I would be happy to remain as we are fot the time being. Lets see where the next 6 months takes us. On no account should Pallinghurst get it.

[culchi] 17/7/2007 09:57

i have held these for three years now buying @ 45 pence. Michael Kiernan did a good job in the early years transforming the company and investing in jabiru and bringing a company back from the ashes. That was why i invested as i saw him as a dynamic leader. By october 2005 the share price had reached £1.83 per share.In early 2006 the drift down became more marked but we got no feedback that the drop in manganese prices were affecting profits .By midyear he was selling a lot of his own stock and was ousted following the shock losses in the annual results. His biggest weakness was failure to control costs,something the new management in fairness have tackled successfully.They also set up BC iron a joint venture which has proved to be an excellent investment . However i cant understand their support for the totally undervalued Gilbertson offer. At the moment i would not vote "yes" to either offer, as both still undervalue the companies assets. We are dealing with big egos here and we must be patient and only agree to a fair offer.

[sogoesit] 17/7/2007 08:40

mmmhh... i dunno; i agree "hold tight" but don't see anything more round the corner... nor does "the market". It'll have to be a big surprise unless Pallinghurst uop their offer but would they having been so "tight" 'til now?
their "open briefing" was still not particularly bullish on their nickel performance and being in the manganese market still looks risky.
if TTY get it I'll probably buy in then.
reegards,

[gryphon2] 17/7/2007 08:02

a confirmed bid by tty but below the existing share price. possibility of another bid yet? I wonder after the results which did not take into account the rise in manganese price or any significant nickel income csm should be worth more than the tty bid.. hold tight!

[sogoesit] 16/7/2007 11:31

a few words too far leaders, imo; i'd settle for "they should hang"....

[leadersoffice] 14/7/2007 12:05

Yes def a big thank you to the No Active group. They have worked very hard indeed. Lets hope there efforts are rewarded next week with a big NO VOTE.

Then our aim should to be to throw off all those on the board who have voted in favour of this deal. They should hang there heads in shame.

[culchi] 13/7/2007 10:42

Sorry i may have read the proxy form incorrectly . It does state on the proxy form that i faxed ,the following " the chairman of the meeting intends to vote undirected proxies in favour of each item of business" I now feel this refers to proxys received but not marked either way .Surely these should be discarded as spoiled votes. Again regrets if i gave a wrong slant on this . I simply dont trust this boards actions . The excellent unaudited results out this morning begs the question "Why is management spending valuable time and money supporting the sale of our company . Assets including the valuable stakes in BC Iron and Jabiru Metals etc. are totally undervalued in pallinghurst offer and in kiernans rumoured counter offer. We have to thank Michael Kiernan and especially the "no "active group which will likely save the company from being literly given away.

[leadersoffice] 13/7/2007 08:50

Should an offer be received prior to the Scheme meetings, the Board intends to seek orders from the Court to adjourn the meetings to enable full consideration of such offer by the Board and shareholders.

[gryphon2] 13/7/2007 07:50

Culchie:

From Michael Kiernan... can you help with a copy of the letter?

"Robert

My legal advisors are yet to view a copy of the letter to shareholders
to which you refer, however, subject to such review they have advised me
that:

1. The concept of inertia selling is also illegal in Australia.

2. Simply by a shareholder not replying to the letter from Consolidated
Minerals cannot, in Australia, be taken to be deemed acceptance of the
Pallinghurst offer, rather acceptance of that offer can only occur at a
members' meeting on the vote of the shareholders, at which time all
shareholders will be bound by the result of the vote regardless of
whether they voted for or against the offer or not at all. Accordingly,
if a shareholder does not vote within the required time, and the
Pallinghurst offer is approved at the members' meeting, then that
shareholder will also be bound by that result.

3. Your best course would be to register a vote as soon as possible.

I would be grateful if you could provide me with a copy of the letter to
which you refer, so that I may forward it to my legal advisors so that
they may further consider these matters, and take the appropriate action
where necessary.

Again, I thank you for your email and support.

Regards,"


Can anyone help with a copy of the letter?

[gryphon2] 13/7/2007 07:20

good results and a big rise in Oz last night! Even better results to come when price rises and increased nickel production feed through

[leadersoffice] 12/7/2007 18:17

i done that this morning

oo from london for holders in london or anywhere in britain

[culchi] 12/7/2007 17:17

thanks for that gryphone, i cant understand how undirected proxies can be counted as in favour . I dont think it will be carried anyhow. would urge anyone who has not replied , to fax their document to 61893232003 with appropiate prefix.

[gryphon2] 12/7/2007 16:54

Culchi.. I sent Territory the details you mentioned about having to reply by friday.

See below:

Thankyou for your email. I shall have our legal people look at this
aspect and see if it is so and what can be done about it.
Michael Kiernan

[dpmcq] 12/7/2007 10:44

Part of the RNS from Territory Resources -

However, what I think isn't important. What is important is which alternative you think will
provide you with the greatest value for your ConsMin shares. To make that decision, you
need to be able to consider each proposal on its own merits. For that reason, it is
imperative that the ConsMin board delays the Scheme Meeting scheduled for 19 July, at
which you will be asked to decide on Pallinghurst's offer.
On 16 July, Territory will decide whether or not to make an alternative offer.
I encourage you to contact the ConsMin board and demand that the Pallinghurst
Scheme Meeting be delayed, so that you can have the opportunity to assess which
proposal – Territory or Pallinghurst – is superior.
For more information on Territory, please visit www.territoryresources.com.au. If you have
questions about Territory's proposal, please call 1300 137 507, shareholders outside of
Australia dial [phone].
Yours sincerely,
Michael Kiernan
Chairman

[leadersoffice] 12/7/2007 10:35

Revised offer from Teriorty??

[leadersoffice] 12/7/2007 10:35

My name is my name is... Michael Keirnan dont forget it, u'll be hearing more of me and i will be helping all you frustarted shaeholders to kick CNM board of directors of there comfortable seats.

[dpmcq] 12/7/2007 07:33

Possible new ofer coming??

[gryphon2] 12/7/2007 06:50

Complain to Australian stock exchange.

That is outrageous like inertia selling... they cannot take silence as acceptance.

Australian stock exchange fax no:

02 9227 0885

[culchi] 11/7/2007 23:19

hot copper is a free aus. bulletin board, you just simply register. Detailed discussion re this company. remember its code in aus is csm. I also got an amendment in todays post , must be received in aus. by friday. not possible from ireland it takes five days. Both original and amended forms state if not received by friday company will take this as acceptance. What an honourable board we have. I faxed my no vote from my local store, phone and fax numbers are on the back. The whole episode really stinks.