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

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?

why? ..... i should imagine that ORE's NAV is totally dependant upon the market price of iron ore and the other stuff they mine, whose name i forget (used for making paint)

Ilmenite,estimated cash balances as as 31/12/08 $250m.

titanium sponge

am i being uncommonly thick even for me, but isn't ORE's sp (buy at 26) showing far to great a discount even taking into account POG's tumble this morning and that the deal has not yet been actually agreed? ..... for all that, father and son not sorting out a deal???? .... i think not

Presumably you bought ORE this morning via CFD, Cynic?
In which case will you have to cash in before the POG/ORE deal is finalised? I assume a cash profit rather than POG shares is what you are targeting?

i bought a modest number at 26, as it can all go wrong as we know ..... i think that as i have bought CFDs, i shall be obliged to cash in though i may be wrong .... not exactly sure how these things work

looks as though the deal is pretty well done at 16:1 ..... goody goody!

Under the terms of the Merger:
Aricom Shareholders will receive one fully paid New Peter Hambro Mining Share in exchange for 16 fully paid Aricom Shares

above is extracted from the latest POG rns and is the recommended offer, so not yet absolute

"Under the terms of the Merger:
Aricom Shareholders will receive one fully paid New Peter Hambro Mining Share in exchange for 16 fully paid Aricom Shares; and

each Aricom Share is valued at 36.6 pence (using the closing price per Peter Hambro Mining Share on 4 February 2009 of 585 pence); and

each Aricom share is valued at 24.9 pence (using the price per Peter Hambro Mining Share on 8 January 2009 (being the last day prior to the start of the offer period) of 398 pence."

Does this mean that the price paid will be 30.75p (averaged)? Not sure I understand why 2 different prices have been quoted.

no price; just shares at 16:1 ..... valuation is just illustration

Thanks, though many people must be considering the options. Sell out before the takeover or accept the terms. I was therefore trying to figure out where the ORE sp would rise to based on the valuation calculation. So based on the figures in my post #169, is it correct that 30.75p is the theoretical sale price & almost the max we can expect to see?

ORE must surely move in line with POG's share price, though there is currently probably a discount of some kind