nmdc to submit binding bid for australian co , page-113

RENES: ***************************************************Too many amatuers on these forums. Im not sure many of you realise the potential of this deal. first of all lcy is undervalued considerably based on current assets. the indians are fully aware of it. so many of u think that the offer may be 10, 20c. if so the pricr will fall. indians do not like to see their assets shrink. why wouldbnmdc invest 40, 50, 60 million or more and then sit back and watch their investment shrink??

would it not make more sense to buy the company at market considering the market capital is only 30 mill?? they could have started buying at 10c and kept on buying all the way to 40 c and they would easily own more than 50% of the company. That would cost them less than 50 million. nmdc have been thouroughly examining lcy and their assets both what they have now and future ptential.

this deal if it goes through is going to be a cracker for lcy. maybe not immediately as their will be traders all over this now but medium term this has well over a dollar written all over it.

no compnay with 2-3 billion tonnes of iron plus jorc gold resource and a major investor is going to hover around with a market cap of 30-40 million dollars. nmdc will make sure of that. ***********************************************



As soon as they become a majority share holder to be compliant with ASX listing rules we have to be notified which would let the cat out of the bag.
At that stage it would be too small of a stake.
Adding that to the already known fact that they are a government owned company and that is not the way they do business and not the way they can do business without some pretty serious planning.
And we know for a fact it is not the way they are doing it.
As far as i can see, previously the NMDC deals have been nothing but wind blown in now annoyed faces.
There is no possible way the company could buy at market and keep the sp under 70cps short term buy price.
We don't have the dilution for them to be able to take over the front lawn let alone get their hands on Mt Bev.
JV is the only possibility.
If we were a producer it would be a different story as to whether it would be a good move or not. We are not.
As for the statement about buying from 10c up to 40c that is pretty funny to me.
Do you really think that we could trade at 4 times the volume and keep the price under 40c?
Speeding fines, traders, inquiries, updated majority holders list, traders, previous announcements, traders.
Did i mention traders.
No.
And if there was any talk of take over, any Australian company would beat them well to the party well before they packed their poppadums.
Your 4th paragraph contradicts your second paragraph in itself.
Because even on a whisper of take over the sp would triple in days.