Tengri Share Discussion Threads

[swizz] 15/8/2014 05:32

It has just got very interesting at Robust, Stanhill and Droxford launch joint take over bid at $0.49c and the bid is backed by the Robust board........GL S

15 August 2014

POTENTIAL JOINT TAKEOVER BID FOR ROBUST RESOURCES BY DROXFORD INTERNATIONAL AND STANHILL CAPITAL PARTNERS

"Potential proposal to acquire Robust at $0.49 per share subject to joint bid agreement, ASIC approval and target board recommendation
Stanhill Capital Partners Holdings Limited and its affiliates (Stanhill) and Droxford International Limited (Droxford) (together the Bidders) announce that they are currently in discussions with each other and with Robust Resources Limited (ASX: ROL) regarding the making of a potential joint off-market takeover offer (the Proposed Offer) for ROL. The Proposed Offer is subject to entry by the Bidders into a joint bid agreement in respect of the Proposed Offer.
If the Proposed Offer proceeds, the Bidders will make offers to acquire all of the ROL shares in which they do not already have a relevant interest at $0.49 per share. This represents:
• a 66% premium to ROL's most recent closing price of $0.295 per share; and
• premiums of 111%, 79% and 74% over the volume weighted average price of ROL over the past 3, 6 and 12 months respectively prior to Stanhill's announcement of its intention to make a takeover offer on 1 July 2014 for $0.28 per ROL share (later
increased to $0.315).
The Proposed Offer is further subject to the Bidders obtaining the requisite Corporations Act exemptions from the Australian Securities and Investments Commission consistent with ASIC's existing policy on joint takeover bids and the Robust board of directors recommending that shareholders accept the Proposed Offer, in the absence of a superior proposal and subject to an independent expert concluding that the Proposed Offer is reasonable to Robust shareholders.
If the Proposed Offer proceeds, it is expected that it would be subject only to a non- waivable condition that shareholders holding at least 50.1% of the ROL shares in which the Bidders do not already have a relevant interest accept the Proposed Offer. Such condition is required as part of ASIC's policy for giving exemptions to joint bids."

"Currently the Bidders together have voting power in approximately 46.6% of the ROL shares on issue. A notice of change in substantial holding by Stanhill is attached to this announcement."

For further details on this announcement, please contact:

Michael Mullane, Cannings Corporate Communications (Public Relations Adviser to Stanhill): [phone]

Links....

[hedgehog 100] 13/8/2014 16:27

Well obviously it was rumoured, as bulletin board speculation in the absence the absence of any official announcement is rumour.

You may argue that the rumour had no substance, but that it a different matter to saying that there was no rumour.

And the fact that the deal didn't take place doesn't mean that it wasn't being considered at some point.

I personally though was not involved in any such speculation, I am merely observing.

[hedgehog 100] 13/8/2014 15:47

Maybe not, but my point was that it was RUMOURED that he might become involved.

In addition, I think you'd find that if you made your points politely if possible, you'd be taken more seriously, and less people would have you on filter.

Maybe then you would not have to continually vote your own posts up.

[hedgehog 100] 12/8/2014 20:45

Swizz,

Would be great for Mercer if it could get something of ZOL's standard.

The deal that Mentum was reportedly in the running for apparently included Abramovich:

"Cast list including son of Abramovich manages to create drama of its own

Gary Parkinson Market report
Published at 12:01AM, August 1 2013

There was a frisson of excitement on the bulletin boards of financial websites about a little-known AIM shell company with a lively cast of characters.

Mentum, valued at barely £2.3 million even after yesterday's 80.9 per cent surge to 0.43p in heavy trading, issued no news.

It's the personnel involved that sets it apart from the run-of-the-mill shell, which is no more than a company that has a stock market listing - most often, but not always, on AIM - but is devoid of a trading business. ..."




The timing of ZOL's subsequent deal suggests that it might have gone to Abramovich-backed ZOL instead:

"Zoltav Resources Adds Gas Production To Its Rapidly Expanding Portfolio As Abramovich Junior Backs US$180 Million Acquisition

16 Dec 2013

Zoltav Resources isn't wasting any time in making its presence felt in the mid-cap oil and gas sector. The AIM-quoted company backed by ARA Capital, the investment vehicle of Arkadiy Abramovich, the 20-year old son of billionaire Roman Abramovich, has made its second material acquisition in the space of six months, this time spending US$180 million on producing gas fields in Saratov Oblast, a region which enjoys one of the country's highest regulated gas tariffs. The deal builds on this... "




Abramovich may also want to do other deals though.

But would he prefer to concentrate them into ZOL, or diversify?

[swizz] 12/8/2014 19:36

Hh100, Perhaps the oil and gas will end up at Mercer and their Zol purchase was a bit of a signal?.....GL S

[hedgehog 100] 12/8/2014 17:40

MEN also more than five-bagged from its consolidation-adjusted low of below 9p last summer.

An investor from that price could have sold a third of his holding, taking out his initial investment and a tidy profit as well, with his remaining holding in for free.

The rise could also have continued if MEN had got the oil and gas properties that it was pursuing ... perhaps they went to ZOL instead? -

Mentum, A new start - Oil and Gas properties pursued........ (MEN)


ZOLTAV RESOURCES - From Russia With Love (ZOL)

[hedgehog 100] 12/8/2014 17:01

What about Zoltav Resources (ZOL)?

Currently trading at a very big premium to cash.

And Orsu has nothing to do with Stanhill.

[bam bam rubble] 12/8/2014 14:16

The familiar Stanhill Capital chart formation is beginning to take shape now.

ORSU is valued at a discount to cash with a marginally less worse project so
reasonable to expect a continued retrace here to £8m then £6m, then £4m, etc.

The issue or from Stanhill's side the aim, is they issued far too much paper.

[the stigologist] 12/8/2014 13:33

treacle rubbish getting smashed

[the stigologist] 12/8/2014 07:01

lol what a disaster

well done treacle

[swizz] 12/8/2014 05:32

Robust have released Tengri clarification and also Gary Lewis holding notice this morning on ASX, I would expect the Tengri news to be released by RNS this morning....GL S

Links....

[treacle32] 08/8/2014 08:29

Could do worse and be in those dogs PVCS and CCE.

[the stigologist] 08/8/2014 07:39

lol

things must be going swimmingly

not

[swizz] 08/8/2014 05:26

Expect news today guys, Gary Lewis has resigned from Robust and Tengri with immediate effect, announced on ASX and link is posted below, no idea why?, but I do wonder if he is now in the Stanhill camp and will assist their on-going bid process?.....GL S

Link....

[the stigologist] 06/8/2014 11:48

losing money in

PGR

TGL

HCP

[divmad] 06/8/2014 11:35

Where is Treacle Tart these days?

[divmad] 06/8/2014 11:35

Where is Treacle Tart these days?

[the stigologist] 05/8/2014 16:25

and cratering some more