time for offer by ivanhoe or other by 9 june, page-13

Hi MTW,

So, does anyone out there know if this stocks' real value really is being supressed? We are all assuming it, but do we have any proof? Everyone is saying it's undervalued. It's all well and good for us to claim that the SM is controlling the price

As far as I can see the Smart Money (if they do exist ??, lol) are not participating right now, at least not for the last six trading days anyway.

This is not unusual, as for them, Exco would be very small fry.

When looking at the chart, they appear to come and go with the ASX announcements, or if the SP rises or falls beyond regular daily price levels (like if the SP moves substantially above or below an Index eg:- XJO, XAO or XMM for instance)

My thinking on the current SP value of any listed company, is that on any particular day the Shareprice reflects the consensus view of the Market, of the percieved value of the company.
Often this will not reflect the true value of the company, no matter how you care to value it.

I see Exco's SP moving towards a more reasonable value (in the eyes of shareholders) as the Asset Purchase Agreement Conditions are met.

So far we have only one of the five conditions met.

That is condition (iv) that the eligible board members have unanimously recommended the Transaction.

The next one (condition (i)) is likely to be the vote by shareholders approving the Transaction on June 9.

The other conditions I expect (hope) will be announced as they occur.

Condition (ii) FIRB & all necessary Government approvals.

Condition (iii) Assignment of certain third party agreements that are ancillary to the tenement package comprised within the CCP.

and this one is interesting...
Condition (v) Exco being registered as the legal owner of a certain parcel of land (title 21412084), or Exco procuring a consent agreement from Great Australia Operations P/L to the renewal of ML7122 (which as far as I can workout is the existing Mining Lease on the Monakoff Mine).

I guess that Great Australia Operations P/L is CopperChem.

I'm not sure exactly why Exco need a consent agreement over the Monakoff Mining Lease with Great Australia Operations P/L, does the agreement over the Great Australia Mine with CopperChem somehow involve the Monakoff site as well, I dont know ??

But anyway as I see it, when these conditions are met and announced to the market & the exact make up of the Dividend is formally anounced to the market with a record date, a more representative value of the SP should be realised.

Bring it on.....lol

cheers