JBM - Jubilee Mines

[Ferret]

Hi Lert,

Never heard of a ring around like that! Xstrata must be a bit nervous.

The take up hasn't been very great so far, only a few percent more than what they got from all the directors. Still, I think a better offer is unlikely with BHP and RIO otherwise occupied.

 

[RUSHIAT]

Now trading at 40 cent discount to offer price($23.00). Seems they are having trouble getting exceptances and have extended offer till 31.1.08. Presume those bailing out are not able to wait or see better opportunities elsewhere. Any ideas?

 

[Da Cat]

Has anyone received payment for the takeover yet?

I was on the understanding it would be paid "on or before 7th Feb" for those already accepted.

Thanks