Prosperity Minerals Share Discussion Threads

[celeritas] 15/7/2013 10:07

Also what is going on when you can only sell 5k online.

[celeritas] 15/7/2013 10:02

Everything in the pihl reading is what we have all been saying here for ages now. All that is wrong is the low offer and even then we don't trust it to be some kind of stunt judging by the reaction. Get the funding make the offer, don't say we might or we might not.
Directors know funding isn't an issue, the property will realise more than they need. Shareholder approval is the only issue in my mind.

[edmundshaw] 15/7/2013 09:54

Where is Dr C.??? :-O

[edmundshaw] 15/7/2013 09:52

PMHL is at aasurd price. It must be an embarrassment to PIHL, this move makes a lot of sense from that point of view.

Sad that the antics of certain other AIM-listed (and NY listed) chinese companies have caused such deep suspicion that the better quality chinese companies have been be so undervalued.

I am miffed. But I can buy into PIHL, so perhaps I should not be.

[backwoodsman] 15/7/2013 09:45

I'm gutted - but there was never a real reason (ignoring suspicion of anything oriental) why this company has been valued so lowly. It's evidently unwanted here.
I've got a few PIHL and they have been hammered over the last 2-3 years notwithstanding Wong's buying. Didn't PIHL pay £1.70 for its majority stake in PMHL - before the property development.?

[fft] 15/7/2013 09:24

reading the PIHL offer document on the HKSE offers a load of reasons why the price should be higher, but also why 130p would be accepted.

[joe say] 15/7/2013 08:56

another nail in the coffin for Aim - and some people question why it has taken so long to allow Aim shares into ISA's

suspect a real scandal is now brewing for the current chancellor once time takes its course

[celeritas] 15/7/2013 08:56

Should have been 150p min.

[stemis] 15/7/2013 08:56

The offer is no higher than 130p. There's no guarantee it will be 130p.

[beefeater25] 15/7/2013 08:49

Of course they will have finance already arranged.
The finance will have be sorted months in advance.

No coincidence that he put out a downbeat tone in the prelims.

[celeritas] 15/7/2013 08:49

He's taking the pee alright, nothing we can do though. Now it's in no-mans land until he does or does not make an offer.

[topvest] 15/7/2013 08:48

It might be a low offer, but I can't see many holders turning down 130p from where we are, for a minority holding. Aurora Investment Trust hold a few, but they are under pressure for poor performance of late - can't see them turning it down to be honest. Best to take the money and move on.

I think I will wait it out though...they only need to find £52m, but that will give them better control of a larger cash balance. I suspect they have already got a reasonable view on whether or not it is financeable.

[beefeater25] 15/7/2013 08:45

Cant believe the loyal shareholders who have been patiently waiting for the property profits will be bought out.

Will there be any opposition to this bid with Wong being a majority shareholder?

[joe say] 15/7/2013 08:36

at the moment guys its a MAXIMUM of 130p - that price is far from guranteed at present

[dr contrarian] 15/7/2013 08:34

Well - this has been talked about - but I dont think anyone could have guessed the exact timning.

130 p is a very opportunistic bid considering that assets are worth multiples of this and upcoming profits should be very significant.

[topvest] 15/7/2013 08:31

Yes, good news. Hats off to those on this BB who said this would happen. I didn't think so, but given i bought mine at 62.5p six months ago I won't say no! Who is selling and who is waiting for the 130p? They do need to raise finance, but one would think it becomes self-financing reasonably quickly with the property sales about to go through.

[philjeans] 15/7/2013 08:29

Well - what a surprise!

Just when the cash is flooding in, for a bumper year, a low-ball offer!

As I feared.

[celeritas] 15/7/2013 08:14

Yeh looks like it ARTY, too cheap though.

[arty] 15/7/2013 08:02

Thanks to the regulars, you convinced me to get back in before results and your judgement on the situation has been spot on. Probably explains why Investor Relations suddenly went quiet of late Celeritas.

[edmundshaw] 15/7/2013 07:58

Too cheap, definitely, but I shall take it. It is an immediate realisation of value, which other investors in the market seem to be spurning. I have been waiting 5 years for value to out here...

Can always invest in PIHL with at least some of the proceeds, as there may well be value there. Though I shall need to do some further research on that score.

[eddie catflap] 15/7/2013 07:44

Gah. Too cheap!

[fiftha] 15/7/2013 07:35

Well done holders

[loafingchard] 12/7/2013 16:05

Yes, another $35m in the warchest. Will we ever realise a sensible valuation? I guess our majority shareholder is patiently trying to bore us into submission. You won't be having mine at this crazy mcap.