Hi,

What are peoples opinions of this company seems to be doing well, big demand in China:

http://news.bbc.co.uk/1/hi/world/africa/default.stm

Anyone holding this share?

Cheers

You might as well dump the stock now...20p takeover...no point in waiting 2 months for payment of another half penny.

RF .... i shall hold at least for the moment, not for the 0.50p but because a counter-bid is still not precluded

Anything is possible, but very unlikely, sadly, imo.

a very long shot i grant you, but have no immediate need for funds, nor any inspiration as to where to put my money next .... for sure it will earn better interest left here than it would in the bank even if no counter-bid materialises

As I'm holding higher I'm staying put for the moment although I have traded this well in the past.

By Julie Crust and Eric Onstad

LONDON, Sept 18 (Reuters) - Kazakh mining group ENRC on Friday wrapped up a $955 million cash deal to buy junior firm CAMEC, which will diversify the firm into metals such as copper and into high-risk areas of Africa.

ENRC already holds 55.2 percent of CAMEC shares through market purchases and agreements with shareholders and CAMEC plans to recommend the deal, ENRC said in a statement.

Shares in AIM-listed Central African Mining and Exploration Co. (CAMEC) jumped 6.9 percent to 19.50 pence by 1240 GMT, slightly under ENRC's 20-pence a share offer, which values the group at 584 million pounds ($955 million).

The shares have more than doubled since CAMEC announced in July that it had been approached about possible takeovers and have soared more than eightfold since the start of the year.

Shares in ENRC, one of the world's biggest ferrochrome producers, gained 1.8 percent to 911.5 pence.

ENRC said it had purchased all of the CAMEC stake owned by major shareholder Dan Gertler, an Israeli resources investor. Gertler owned around 35 percent of CAMEC.

After ENRC announced on Wednesday that it was considering an offer, some analysts said the move might spark a bidding war with Chinese parties, but Ambrian analyst Brock Salier said it appeared that ENRC had sealed the takeover.

'The synergies with ENRC are clear, and, due to the political goodwill that ENRC will be chasing in both the DRC and Zimbabwe, the recommendation by CAMEC suggests to us that this deal will definitely go through,' he said in a note.

decided to sell friday as a 300% profit is not to be sniffed at imo.

certainly now looks like a done deal then ..... no point in pissing against the wind

You do have a way with words cynic.

Doesn't he just... I'm out also, though can't boast such a good profit as BB - well done you!

as has been said of me before, at least no one will misunderstand the point i'm trying to make!

lots of buys this morning,I wonder why?

Maybe someone thinks the deal is off:
"HARARE, Oct 6 (Reuters) - Zimbabwean President Robert Mugabe opens a session of parliament on Tuesday which will debate amendments to the mining law. Mugabe told a mining conference last month the government would soon pass a law to address concerns raised by an earlier draft that sought to give locals at least 51 percent of foreign-owned mining operations.

BOKAI - Central African Mining & Exploration Co Plc (CAMEC) said last month its joint venture company in Zimbabwe would open a platinum mine producing 400,000 tonnes annually within six years. CAMEC owns 60 percent in the joint venture firm, Todal Mining, and says it requires $250 million to develop the first phase of the mine. "

Thanks for that Harrycat.

Satisfaction of South African Anti-Trust Condition

London - "ENRC confirms that it has obtained approval from the South African Competition Commission in connection with its recommended cash offer for CAMEC ("Offer"). ENRC confirms that the receipt of such clearance satisfies the South African anti-trust condition set out at paragraph (b) of Part A to Appendix I of the Offer Document.

The Offer is subject to a number of conditions including, the receipt by ENRC of acceptances in respect of 90 per cent. or more of the CAMEC shares to which the Offer relates.

The Offer which remains subject to the terms and conditions set out in the Offer Document will remain open for acceptance until 1 pm (London time) on 9 November 2009."

28ml buys today?

Yes, I saw that there was heavy volume. ENRC has been in the news with other possible acquisitions, but this looks to be a done deal. But, you never know until.......