Better carry on here Cynic....not in yet but very interesting....how's that bridge across to China getting on ?

that news came a bit quicker than expected.

just need the chinese to counter-offer now then its off to HRCO.

news of a bid and the SP drops?? admittedly a father son deal but won't get go ahead unless good for companies concerned

The other point to consider is that it doesn't look likely that it will be an all cash offer. "The consideration for any such offer would comprise shares in Peter Hambro Mining." Although the assets of POG would increase if the offer goes ahead, would shareholders in POG see this as dilution?

i recollect that it is likely to be a shares only offer

Is this a bail out for ORE shareholders? If so it can't be a good move for POG shareholders, incest springs to mind.

POG almost certainly made mega-bucks when spinning off ORE and will almost certainly now be buying back cheaper ...... prob good solution all round

This can be put in an Isa.....those that were in low down must have done well....but there is a problem withh staying in if that is the case (being in an Isa) with this stock that I can foresee : POG is not main market which means they will take ORE possibly out of the main stream !, now, I don't know all the rules to Isa's (does anybody?), but the inland revenue might insist on the funds coming out of an Isa in this case....those in this situation might not be able to reinvest the same amount within the Isa wrappage !.

rumours on afn saying 18p is the done price and news this week..

seems a bit cheap for me.

Far too cheap if true.

????? .... discount of only 2.5-3p does not sound excessive to me, especially as all share deal mooted

20% rise today. I assume news on the way??? Will be interesting to see if POG takes a hit when the figures for the takeover are revealed.

not long now, maybe Monday.

it was very active today with some chunky buys going through.

Current sp 21.50p, which presumably means that the original 18p target was a bit low as a takeover price?

as share deal, presumably reflects POG's recent sp strength

i read on some board a calculation tht the price would be nearer 40p

if the terms of the deal have been published, then it is a simple calc ..... if not, then it is pure hype and bunkum

Quite a tricky decision at the moment. Some of my holding is in profit, some is not. Averaging over my whole holding, 29p is break even target. But maybe having POG shares at a discount price (?) would be an even better option. However, I already hold POG, so do I want more? 40p for my ORE holding would do very nicely, thank you. Cash in the bank.

rely on the "hype and bunkum" then

I have seen many share prices driven up by hype, only to fall back when reality sets in. I will put a limit sell on the system & hope that the hype triggers it before the offer price is announced.

Current sp appears very close to ORE's NAV surely some premium is required for an offer to be acceptable?