tradingup
08 Oct 2015
Re: Takeover 12 - thanks for a most useful and instructive post.Sir N Rudd is a serial corporate smoothie and I suspect was brought in to ease through a dealsuch as we are now faced with.Let's just hope that his feathers get a bit of ruffling in the months ahead. Hopefully this may have some way to run
12_handicap
07 Oct 2015
Re: Takeover Desultory offer in my opinion and I am in profit due to a very fortuitous purchase last month when I thought I saw a double bottom to average down from 36p initial, plus rights. Faced a similar situation with ABG and China Gold and that time I took the profit before the deal collapsed. This time I am holding in the hope of a much better offer.I do not know what the board think they are doing with their unanimous backing for the deal instead of trying to extract maximum value, however only resistance from big shareholders who have forked out in the rights issue will make any difference.[link] Sibanye Gold Ltd., the largest miner of bullion in South Africa, faces resistance to its $294 million offer to buy Aquarius Platinum Ltd. after the target company’s biggest shareholder said it opposes the “opportunistic” dealInvestec Asset Management, which owns a 13.9 percent stake in Aquarius, won’t support the bid under current conditions, according to Hanre Rossouw, a money manager at the Johannesburg-based company. Aquarius’ management said it will recommend shareholders support the transaction, which needs a simple majority to pass. Some shareholders “have indicated their support for the transaction,” Sibanye said in a statement on Tuesday.Sibanye will offer $0.195, or 2.66 rand, a share for Aquarius, it said in the statement. Aquarius Platinum shares rose 37 percent to 2.32 rand by the close in Johannesburg, the highest price since Feb. 17.“They’ll get the assets for almost nothing, while the premium is paid from the synergies and cash that they’ll get from the deal,” Rossouw said by phone, referring to Aquarius’ net cash holdings of $72 million and 800 million rand ($58 million) of cost savings targeted by Sibanye.Aquarius’ main operating asset is the Kroondal venture with Anglo Platinum near Rustenburg, about 140 kilometers (87 miles) north-west of Johannesburg. That’s close to the assets that Sibanye agreed to buy from the world’s largest platinum producer for at least $331 million on Sept. 9. Aquarius also owns a stake in the Mimosa venture in Zimbabwe with Impala Platinum Holdings Ltd. I can’t find any evidence of Investec’s 13.9% holding:[link] They do have a 3.25% holding in Sibanye[link] A rise in platinum would help while all this is playing out. GLA
Ace08
06 Oct 2015
Re: ACE - AQP - sell trust the Ace next time 6p Buy
aces and eights
06 Oct 2015
Re: ACE - AQP - sell That's 5k down the swanny for m
Junz
06 Oct 2015
Just dont support the transaction - I see investec is against the take over - Good for them - Sibanye is just chancing
Ace08
06 Oct 2015
Re: ACE - AQP - sell Nice one Wendy
Rhigos
06 Oct 2015
Re: NICE ONE NIGEL! "Not so happy those shareholders who bought in at 69p at the beginning of 2013!" Or in my case in Sep 2011 at 86p !! 
Fortunately not a big investment.Am very envious of those who bought this year around the 7p mark.
Junz
06 Oct 2015
I would like to see the % of Shareholders who purchased over 12.9p...Sibanye is scoring and AQP is the loser
tradingup
06 Oct 2015
NICE ONE NIGEL! No doubt Sir N Rudd will trouser a nice fat fee for his troubles - and move on to his next corporate beanfeast.Not so happy those shareholders who bought in at 69p at the beginning of 2013!
nat81
06 Oct 2015
platinum miners in takeover platinum price is at the bottom at the moment, however, this price will not stay at the bottom for long.many are expecting the price will recover and hence there are several platinum junior minors sitting on huge assets and yet being cheaply valued. AQP is one example, where Sibanye sees this as a bargain and worth buying (and no burden of debt, unlike LMI).so, this should crush those punters who were falsely saying nobody will be interested to buy platinum miner due to low profitability as platinum price too low. in fact, several major players who are deep pocket will be acquiring smaller companies (like AQP, JLP) while they remain cheap.another to watch is JLP, where JLP has massive platinum assets worth around NPV $4bn and yet their mcap only 28m. perhaps all eyes are waiting for the mining licence before they put their offer.
neil pkns
06 Oct 2015
Re: Takeover sold down the river again......just hope that the likes of GKP, XEL, etc are not taken out so cheaply.
Howietrader
06 Oct 2015
Re: Takeover Agree On Rights issue at 14p Would prefer it not to be a cash offer
forwardloop
06 Oct 2015
Re: Takeover The Transaction is an important strategic step for Sibanye which we are confident will result in the realisation of substantial value for stakeholders. Simultaneously Aquarius shareholders realise an attractive cash premium for their current equity holdings”.Hardly, the April 2014 Rights Issue was at 14pps!
lambrini girl
06 Oct 2015
Re: Takeover I got av 9p...but imagine long termers not too happy...
Junz
06 Oct 2015
this is a terrible offer - most shareholders have bought at a much higher price than what is been offered ...whats going on here ...am i missing something ?
