Andy Pany
10 Oct 2017
Re: How does this end? 90%, then they can force the balance to accept their offer.I guess those people still following this board have not accepted? I haven't.
Hunter63
09 Oct 2017
How does this end? My understanding is that RPI have 52% acceptances and keep extending the offer until they have enough. Anyone know what the target % needed is?
AlphaCentauri
28 Sep 2017
Administrators Report You can find it here:hxxps://www.duffandphelps.com/ukrestructuring/cases?caseId=1381
HPC Follower
09 Sep 2017
Re: Plasybryn on ADVFN I have instructed my broker to reject the offer... which should be the default.As I understand it, the bidders have to get quite a high % overall percentage of acceptances to proceed, or none will proceed. If they got over the hurdle, which is unlikely, they would have to buy everyone's...2.1p a share is far too low, an opportunist offer in circumstances ASA should be able to recover from with strengthening commodity prices.i
roco200
08 Sep 2017
Gold & Freda Rebecca Gold $1350 - Think of the impact at Freda Rebecca.2.1p - you must be joking!
roco200
08 Sep 2017
Plasybryn on ADVFN I don't want to keep on but there are a couple of points to bear in mind.Firstly we know the offer was extended to 12th by the opportunistic RichPro , but it is just possible some brokers will want clients to give their instructions slightly earlier, even by say midday today. Please don't delay to instruct your broker to reject the offer.Secondly, the amazing uplift in the commodity prices since the offer was made should really make us all realise the 2.1p is a greedy & inappropriate offer to obtain our Co. on the cheap. They have only extended the offer period, not reflected the increase value by upping the offer. This shows how greedy they are.Thirdly they know how much value is here and rising by the day. Don't you think they will extend the offer period again - I'm convinced they will. They are desperate to get this bargain.Fourthly - let's just say they were going to go for it come what may. My reading is they would pay 2.1p to those who accepted and then have to pay whatever was necessary to get the rest of the required number of shares. Do you want to accept just 2.1p?In summary, you really don't want to be pre-empting what is likely to be a much better outcome by throwing the towel in now, before we have even had a chance to hear what the developments are that have no doubt been going on furiously in the background, let alone pre-empting what the Administrator has discovered & will recommend.It isn't long to wait and news will obviously be flowing this month.Hold firm is my strong personal recommendation.
roco200
31 Aug 2017
Nickel on the up again Keep it coming. 2.1p is a joke!Wait for Administrators report.
roco200
31 Aug 2017
Good post on LSE Post by VanVan on LSE this afternoon is worth a read.Strongly in favour of rejecting the offer.
HPC Follower
30 Aug 2017
Re: Don't accept the offer-ADVFN post I fully agree and withdrew my votes in favour a few weeks ago.ASA would not have cash flow problems if the miss-directed money is returned, through legal challenges if needed.
roco200
21 Aug 2017
Don't accept the offer-ADVFN post I don’t know if this helps, but I think shareholders should think very hard before agreeing to the derisory offer, or if you have already done so, I believe you should consider withdrawing your acceptance, which is apparently permitted.Firstly, as far as I can tell you have nothing to lose by rejecting the offer at this stage.But doing so gives us all the potential as a result to get a far better outcome.The more investors who reject the offer, the greater the likelihood of an increased offer.The recent strengthening of the commodity prices which we have all waited so long for, obviously increases the value and attractiveness of ASA Resources and reinforces the need not to commit yourself at this point in time.The Administrator, who is working hard to unravel all the complex issues will be aware of the increasing resource value, which may well, in all probability, lead him to the conclusion that the Co. is totally undervalued at 2.1p. We know that, the Company knows that, and the Administrator will come to that conclusion I am sure.As the Administrator has to report on progress to shareholders within ten weeks of his start date, there is every good reason to do nothing for now and wait for his pronouncement, which should also include information from the Co. on their progress.Given we are talking about alleged serious illegalities here, I can’t see why anyone would want to align with an offer originating from that source. To do so might result in your shares becoming part of a complex legal wrangle which I believe we are all best advised to steer clear of.
Sly Dawg
18 Aug 2017
Re: 27% now in favour of bid - extension... what do they need for it to go through, 90%?tx
AlphaCentauri
16 Aug 2017
Re: 27% now in favour of bid - extension of ... Any views? 73% have not accepted the bid. DYOR!
HPC Follower
16 Aug 2017
27% now in favour of bid - extension of end date The bidders are a good way short of the support needed so far, so have extended the offer through to 29th August,The lack of ASA Board advice is worrying - although they are clearly trying to defend against this takeover bid.What's best for current shareholders is very uncertain - I'm still undecided; or at least unwilling to vote in favour given the spend to date and being so close to big revenue increases with usage of the re-furbished/re-built foundry. Any views???
AlphaCentauri
08 Aug 2017
Re: And yet another one Love it! The allegations of bribery and corruption should be easy to prove!
Mara Gorsuch
08 Aug 2017
And yet another one ASA seem to collect court cases like other people collect stamps.[link]
