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MRE, MINARA RESOURCES LIMITED
polly
post Posted: Sep 2 2011, 03:15 PM
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In Reply To: polly's post @ Sep 1 2011, 01:38 PM

No argument here, just trying to outline how this will unfold. And to think their dividend was once more than todays share price and that I didnt go and back Twiggy, but then it was in a mess when he left it. Reality is it is all over bar the shouting, would be the odds on bet, but prepared to wait for KPMG report.

 
wagalucci
post Posted: Sep 1 2011, 09:12 PM
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In Reply To: polly's post @ Sep 1 2011, 01:38 PM

"Fair and reasonable" is subjective to only the holders. Just look at the very recent saga with CST.

But I do take your point. Either way people are selling and someone (I bet Glencore) is buying. Maybe people should increase the sell price to see if they still buy?

 
polly
post Posted: Sep 1 2011, 01:38 PM
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In Reply To: wagalucci's post @ Sep 1 2011, 01:23 PM

The outcome will be determined by the independent report ( by KPMG ) as to the offer being fair and reasonable.


Said 'Thanks' for this post: wagalucci  
 
wagalucci
post Posted: Sep 1 2011, 01:23 PM
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I noticed that last month (july) and (august) Glencore did purchase the bulk of the shares and then disclosed a change in the volume of shares they own.


I wouldnt be at all surprised if Glencore is buying even now.

Surely if they own more than 75% then they have the option of just taking over without asking for shareholders approval????? (sorry not my profession)

W

 
polly
post Posted: Aug 30 2011, 08:36 AM
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In Reply To: polly's post @ Aug 30 2011, 08:35 AM

Should read 11% not 115.

 
polly
post Posted: Aug 30 2011, 08:35 AM
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In Reply To: wagalucci's post @ Aug 29 2011, 11:26 PM

Interesting, offer made last week then we see nickel jumps 115 last night. Did they know something and on that basis should directors endorse bid?

 

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wagalucci
post Posted: Aug 29 2011, 11:26 PM
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So Glencore placed an offer for the remaining 25% odd shares left in circulation. Looks like another Aussie company going overseas.

Even at he offer price I am still 60% from my initial purchase price. So no use to me.

Seems to me I should just get out of the share market. Everything has gone belly up that I have touched.

(hmm whats going to be worse facing: wife hearing the news or MRE accepting the offer.)

Wags

 
hungry
post Posted: Mar 31 2011, 11:31 AM
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Sure has some good buy support here today with thin sell side.
Maybe it will bounce from the higher low.

 
walbrook
post Posted: Aug 17 2010, 12:40 PM
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In Reply To: walbrook's post @ Aug 16 2010, 03:28 PM

From Ann.
results of todays meeting...........

Approve the return of capital CARRIED Ordinary resolution Total number of proxy votes exercisable by all proxies validly appointed: Total number of proxy votes in respect of which the appointments specified that the proxy: is to vote for the resolution 996,181,076 is to vote against the resolution 169,500 is to abstain from the resolution 52,852 may vote at the proxy’s discretion 1,601,370
For further information, please contact:
Cynthia Sargent,

 
walbrook
post Posted: Aug 16 2010, 03:28 PM
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In Reply To: anka's post @ Aug 16 2010, 10:17 AM


Minara Resources Limited

Level 4, 30 The Esplanade
PERTH WA 6000

PO Box Z5523
St Georges Terrace
PERTH WA 6831
AUSTRALIA

Telephone
+61 (0)8 9212 8400

Facsimile
+61 (0)8 9212 8401



 
 


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