tinhat
Pocket Calculator Operator
- Joined
- 1 May 2009
- Posts
- 1,756
- Reactions
- 768
It was my washing day so I sold all my SAR. Oopsie! Am I a fool or will I get to re-enter elow $5? To be honest, I am probably the fool.
SAR - Saracen Mineral Holdings
- Thread starter moses
- Start date
- Joined
- 19 October 2005
- Posts
- 4,129
- Reactions
- 6,071
The one that got away. I had a bid in at 17c in August 2013 that never filled, missed out by 1c.
Among other things, I noticed Guido Staltari and Raleigh Finlayson buying stacks and stacks of shares on market in 2013.
An analyst called Cathy Moises was backing Saracen with conviction and understanding back then. I'd be interested to know what she's on now.
SAR looking pricey, as are a few others, e.g NST which I hold. Good to have some cash behind you if there's another crash.
Among other things, I noticed Guido Staltari and Raleigh Finlayson buying stacks and stacks of shares on market in 2013.
An analyst called Cathy Moises was backing Saracen with conviction and understanding back then. I'd be interested to know what she's on now.
SAR looking pricey, as are a few others, e.g NST which I hold. Good to have some cash behind you if there's another crash.
tinhat
Pocket Calculator Operator
- Joined
- 1 May 2009
- Posts
- 1,756
- Reactions
- 768
The problem is I re-entered at $4.80. No worries, taking profit means cash in the bank account. Happy with SAR, will look to put some money into RRL too. Bulish gold for now.
- Joined
- 22 May 2020
- Posts
- 1,276
- Reactions
- 681
What is proven?
- Joined
- 22 May 2020
- Posts
- 1,276
- Reactions
- 681
Do you have any knowledge about what is a resource and what is a reserve?
tinhat
Pocket Calculator Operator
- Joined
- 1 May 2009
- Posts
- 1,756
- Reactions
- 768
I'm always happy to be educated.
- Joined
- 22 May 2020
- Posts
- 1,276
- Reactions
- 681
- Joined
- 19 October 2005
- Posts
- 4,129
- Reactions
- 6,071
SAR
Saracen (SAR) behaving better than most of the top goldies today. My guess, the reason is admission to S&P/ASX 100 Index – effective at the Open on June 22, 2020
Still rankles that I didn't take the risk years ago and buy SAR. There was every reason to, not least was directors heavily buying, but I had already been burned by gold stocks and was exceedingly timid about them. I intend to buy SAR big if the crash that waits ahead sucks SAR into its wake.
Saracen (SAR) behaving better than most of the top goldies today. My guess, the reason is admission to S&P/ASX 100 Index – effective at the Open on June 22, 2020
Still rankles that I didn't take the risk years ago and buy SAR. There was every reason to, not least was directors heavily buying, but I had already been burned by gold stocks and was exceedingly timid about them. I intend to buy SAR big if the crash that waits ahead sucks SAR into its wake.
- Joined
- 2 May 2007
- Posts
- 4,688
- Reactions
- 2,901
Trading halt for a safety incidence. My condolences for the affected person's family and friends.
https://www.asx.com.au/asxpdf/20200713/pdf/44kgxqwllt5md1.pdf
https://www.smh.com.au/business/com...ker-suffers-serious-fall-20200713-p55ble.html
https://www.amsj.com.au/mineworker-falls-from-height-at-western-australian-mine/
https://www.dmp.wa.gov.au/Documents/Safety/MSH_SIR_281.pdf this was in the past. So SAR will have to face the music leaving alone the family of the affected person and enormous trauma with his colleagues.
https://www.asx.com.au/asxpdf/20200713/pdf/44kgxqwllt5md1.pdf
https://www.smh.com.au/business/com...ker-suffers-serious-fall-20200713-p55ble.html
https://www.amsj.com.au/mineworker-falls-from-height-at-western-australian-mine/
https://www.dmp.wa.gov.au/Documents/Safety/MSH_SIR_281.pdf this was in the past. So SAR will have to face the music leaving alone the family of the affected person and enormous trauma with his colleagues.
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,084
- Reactions
- 20,459
Saracen Mineral Holdings boss Raleigh Finlayson has told shareholders the company cannot alone create the sort of value that will be delivered by a $16 billion ''merger'' with its partner in the Superpit mine, Northern Star.
The transaction has been pitched as a merger rather than a takeover, despite the fact it will be delivered by Northern Star issuing $5.76 billion worth of stock to Saracen shareholders to create a combined group called Northern Star.
Viewed as a scrip takeover by Northern Star, there is little premium being paid for Saracen, whose market capitalisation stood at $5.78 billion at the close of trading on Monday. In keeping with the spirit of a merger that has been endorsed by both companies' boards, the word premium does not appear in any of the bid documents filed to the ASX on Tuesday.
In a bid to sweeten the deal, Saracen will pay its shareholders a 3.8¢ dividend prior to the merger; worth about $42 million in total. Combining the scrip and the dividend, Northern Star is paying less than 1 per cent premium to Saracen's market capitalisation on Monday.
- market reaction (= synergies) puts it as WIN-WIN
5-day chart, NST darker blue and SAR lighter blue
The transaction has been pitched as a merger rather than a takeover, despite the fact it will be delivered by Northern Star issuing $5.76 billion worth of stock to Saracen shareholders to create a combined group called Northern Star.
Viewed as a scrip takeover by Northern Star, there is little premium being paid for Saracen, whose market capitalisation stood at $5.78 billion at the close of trading on Monday. In keeping with the spirit of a merger that has been endorsed by both companies' boards, the word premium does not appear in any of the bid documents filed to the ASX on Tuesday.
In a bid to sweeten the deal, Saracen will pay its shareholders a 3.8¢ dividend prior to the merger; worth about $42 million in total. Combining the scrip and the dividend, Northern Star is paying less than 1 per cent premium to Saracen's market capitalisation on Monday.
- market reaction (= synergies) puts it as WIN-WIN
5-day chart, NST darker blue and SAR lighter blue
- Joined
- 19 October 2005
- Posts
- 4,129
- Reactions
- 6,071
Not a takeover, they're opting for NST to be the common shares yes, but in every other sense it's a merger. Almost half the board will be Saracen and Finlayson will be M.D.
- Joined
- 28 March 2006
- Posts
- 3,554
- Reactions
- 1,283
All of the points line up so as an exercise lets see what happens 
(click to expand)
(click to expand)
- Joined
- 27 June 2010
- Posts
- 4,147
- Reactions
- 309
On February 15th, 2021, Saracen Mineral Holdings Limited (SAR) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between SAR and its shareholders in connection with the acquisition of all the issued capital in SAR by Northern Star Resources Limited.
