If memory serves me correctly,
tomorrow (9 November) is the
deadline for 90% of KIM shares
to be in the GEM offer 'bag' to
enable the takeover to go
through on GEM's terms.
Has anybody heard how close
or distant GEM is from getting
the 90% - or walking away?
While I'm a great romantic,
I can't support the belief
a Knight in shining
armour will appear
in the last reel
with a fat offer.
GEM getting 90% has
predictable consequences.
Every holder gets 70 cents.
GEM walking away could have
unforseen consequences -
expeciallly with the KIM
board having created
so much ill-will by
kow towing to
the GEM bid.
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kimberley diamond company nl.
has gem got the numbers
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