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UMC, UNITED MINERALS CORPORATION NL
blueice
post Posted: Oct 19 2009, 01:02 PM
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In Reply To: wolverine's post @ Oct 19 2009, 12:55 PM

I agree, I doubt at all if RIO will counter offer. I would not be surprised if BHP and RIO are in this together................????
Hey veeone, buy shres in all the companies in that area, that way you are bound to strike the right one if the Chinese decide to go for another...................

 
wolverine
post Posted: Oct 19 2009, 12:55 PM
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In Reply To: FLOYD2's post @ Oct 19 2009, 12:50 PM

I'd say not much chance.

Your best bet is a counter offer from the Chinese.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
FLOYD2
post Posted: Oct 19 2009, 12:50 PM
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In Reply To: veeone's post @ Oct 16 2009, 07:00 PM

Is there any chance of an offer from RIO?

 
veeone
post Posted: Oct 16 2009, 07:00 PM
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In Reply To: blueice's post @ Oct 16 2009, 10:26 AM

Now if China Railways Materials Commercial Corp miss out here what else may they look at i wonder? V1

 
blueice
post Posted: Oct 16 2009, 10:26 AM
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In Reply To: DAVIDB75's post @ Oct 16 2009, 10:19 AM

For interest read RMC announcement out this morning.............

 
DAVIDB75
post Posted: Oct 16 2009, 10:19 AM
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In Reply To: blueice's post @ Oct 16 2009, 08:56 AM

I hold, the big question is whether another offer is likely - anyone have an opinion as to whether that is on the cards?

 

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blueice
post Posted: Oct 16 2009, 08:56 AM
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For all UMC holders, BHP has just made a take over offer for $1.30 / share................I don't hold.
Good luck to holders..............

 
wolverine
post Posted: Oct 13 2009, 07:37 AM
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In Reply To: Sam43's post @ Oct 13 2009, 07:03 AM

It won't go ahead.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS

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Sam43
post Posted: Oct 13 2009, 07:03 AM
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In Reply To: wolverine's post @ Oct 13 2009, 06:58 AM

Should this happen, I wonder what will happen to Option issue.



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Sam43
 
wolverine
post Posted: Oct 13 2009, 06:58 AM
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BHP may make offer for United Minerals
Sarah-Jane Tasker | October 09, 2009

Article from: The Australian JUNIOR iron ore explorer United Minerals is expected today to announce it has received a takeover offer for the company, with mining giant BHP Billiton tipped as a potential suitor.

The expected offer comes a month after the Perth-based company announced a $27.7 million deal with China Railways Materials Commercial Corp.

The state-owned company took an 11.4 per cent stake in United Minerals at $1.35 a share.

UK-based analyst Sam Spring, from Ocean Equities, said CRM's proposed investment effectively created a deadline for United Minerals' Pilbara neighbours, existing Pilbara producers and other third parties to either buy the junior and secure its quality Railways deposit, which was surrounded by existing infrastructure, or miss out.

United entered a trading halt on Wednesday pending a "potential change of control transaction", with the announcement expected today.

Major shareholder Thudelarra, which has a 13.15 per cent stake in the junior, had previously flagged its interest. But the company said yesterday it had not been approached by any potential suitors interested in its holding.

An industry insider said that its proximity to BHP's operations, and speculation that the major had previously explored a form of agreement with the junior, meant the mining giant could have made a bid.

United's Railways iron ore deposit is about 330km south of Port Hedland and is close to both Rio Tinto and BHP infrastructure.




http://www.theaustralian.news.com.au/busin...1-36418,00.html



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
 


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