Innopac Holdings is launching a bid to take over Merlin Diamonds, a diamond mining and exploration company listed on the Australian Stock Exchange, for up to A$59.4mil (S$76mil). (Source: The Business Times / Bloomberg / Straits Times 1 Feb 2013)
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1201-1220 of 1302
Any chance for this counter to rebounce coming week?
wow. nice reading material over the weekend!
Hi Comrade, Thanks for below informations
http://www.merlindiamonds.com.au/resources/i/docs/asx/Recommended%20Takeover%20Offer%20for%20Merlin%20Diamonds.pdf
Comrade ( Date: 01-Feb-2013 16:35) Posted:
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Deal is almost certain to go through.
http://www.merlindiamonds.com.au/resources/i/docs/asx/Recommended%20Takeover%20Offer%20for%20Merlin%20Diamonds.pdf
a break fee payable by each of Innopac and Merlin Diamonds in certain circumstances.
http://www.merlindiamonds.com.au/resources/i/docs/asx/Recommended%20Takeover%20Offer%20for%20Merlin%20Diamonds.pdf
Executive Chairman, Managing Director and Chief Executive Officer of Merlin Diamonds, Mr Joseph
“The Merlin Project has a high proportion of gem
The Takeover Bid Implementation Deed also contains:
Gutnick, said, “We are pleased that Innopac sees the value and potential of Merlin Diamonds. The Board is recommending our shareholders to accept Innopac’s offer, which will help unlock shareholder value. With Innopac’s financial backing, we believe the Merlin Project will gain traction more quickly.”-quality diamonds 65% of production is gemquality, compared to an average of just 20% gem-quality diamond production at diamond mines worldwide. The Company has made solid progress in developing a sustainable and profitable diamond mine at Merlin, underpinned by 2.9 million carats of the Company’s resource assets being classified as JORC compliant Probable Ore Reserves, indicating a higher level of certainty of economic potential. We are working on trial mining and ramping up trial production in 2Q 2013, with commercial production estimated to start in 3Q 2013. We are targeting to produce about 250,000 carats per year by the second year of commercial production,” added Mr Gutnick.
no shop, no talk, notification and matching rights in favour of Innopac and a break fee payable by each of Innopac and Merlin Diamonds in certain circumstances.
it take at least 30 days to see whether this deal can go through... how likely it success??
lol...jack be nimble jack be quick.....covered 0.215
ace333 ( Date: 31-Jan-2013 15:39) Posted:
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ya i enuf of 0.225 le....let it move to 0.26 pls
terencee ( Date: 31-Jan-2013 18:04) Posted:
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I do hope everyone has accumulated enough. Tml hope train can move off.
doufei ( Date: 31-Jan-2013 16:43) Posted:
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Wish can close at 0.245 flat today.
halleluyah ( Date: 31-Jan-2013 16:39) Posted:
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Accumulate enuf of 0.225 aredi....hope now is to charge up
ace333 ( Date: 31-Jan-2013 16:39) Posted:
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i prepared nia...exit stretagy mah
halleluyah ( Date: 31-Jan-2013 16:17) Posted:
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Hope can close 0.23
Bro, if u short at 0.225, do u think can cover at 0.22 meh unless u use cfd to short. Fr cimb, i can't short.
ace333 ( Date: 31-Jan-2013 15:39) Posted:
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Ok, hope that it will move up with this good news. Although diamond has no resale value like gold, there are many who will pay high price for this precious stone.
halleluyah ( Date: 31-Jan-2013 16:08) Posted:
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Vry strong support at 0.225. Only 1799 lots done at 0.22.
doufei ( Date: 31-Jan-2013 16:02) Posted:
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Should I cut loss or wait for it to go up again?
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on Dec. 11-12:
ECONOMY:
December: " Economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions."
January: " Growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors."
BETTER OUTLOOK:
Then: Fed policymakers remain " concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions."
Now: The Fed " expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline."
MORE SIGNS OF IMPROVEMENT:
Then: " Household spending has continued to advance, and the housing sector has shown further signs of improvement, but growth in business fixed investment has slowed."
Now: " Household spending and business fixed investment advanced, and the housing sector has shown further improvement."
doufei ( Date: 31-Jan-2013 15:32) Posted:
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Entertainment. Enjoy ... http://www.youtube.com/watch?v=gcuGVIGVJOM
doufei ( Date: 31-Jan-2013 15:32) Posted:
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downside 0.2-0.205