Wits Basin (WITM) (Frankfurt: 357962) ÜBERNAHMEANGEBOT - Fake oder nicht? - 500 Beiträge pro Seite

[stupidgame]

Aktie reagiert nur wenig.
Im Telegramm:
Easyknit Enterpris (HK:616)aus Hongkong bietet ca. 21 eigene Aktien für je eine WITM-Aktie.
Kurs Easyknit:1,60 HKD
Kurs WITM aktuell:0,535 USD
Wechselkurs: 7,80 HKD= 1 USD

1,60x21=33,6:7,80= 4,30USD

Die zusätzlichen Aktien von Easyknit bedeuten natürlich eine deutliche Verwässerung von über 40%. Aber, selbst wenn man annimmt, dass sich deren Kurs halbiert bedeutete das immer noch gute 2 Dollar pro WITM-Aktie. Fast das Vierfache des aktuellen Kurses.
Von der Marktkapitalisierung her könnte Easyknit den Deal stemmen. Die sind 6,2 MRD HKD wert, umgerechnet 795 Mio. USD.
WITM hat nur eine Marketcap von 49 Mio. USD.

Was also ist los? Nicht koscher? Oder können die Leute nicht rechnen?
Profil WITM:http://www.marketwatch.com/quotes/witm
Profil Easyknit:http://www.hkex.com.hk/invest/index.asp?id=company/profileme…

Und die News:
latest news [MXIM] Maxim Int. Products upped to buy at American Tech. Res.

Wits Basin Agrees in Principal to Material Terms of Merger

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Last Update: 7:05 AM ET Feb 5, 2007



MINNEAPOLIS, Feb 05, 2007 (BUSINESS WIRE) -- Wits Basin Precious Minerals Inc. (WITM : wits basin precious minrls i com
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Last: 0.54+0.06+12.50%

10:00am 02/05/2007

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WITM0.54, +0.06, +12.5%) is pleased to announce that material terms have been agreed to, in principal, in connection with the previously released non-binding memorandum of understanding discussion agreement to merge/amalgamate with EasyKnit Enterprises Holdings Limited. EasyKnit is a Bermuda incorporated company with its principal office in Hong Kong and its securities listed for trading on the Hong Kong Stock Exchange under the symbol "616 on SEHK." The non-binding memorandum of understanding has been expanded to include material terms whereby all outstanding common shares of Wits Basin will be exchanged for three billion (3,000,000,000) shares of EasyKnit, which represents approximately 43 percent of the issued capital. It further provides for definitive documents to be finalized during February 2007. The timetable for closing will be dependent upon obtaining required regulatory approvals as well as mutual on-going due diligence review and votes by the shareholders of both companies.
Detailing the proposed transaction, Wits Basin's CEO Stephen King explains, "The proposed exchange ratio for each common share of Wits Basin represents approximately 21 shares of EasyKnit for each Wits Basin common share.
In addition, the parties further contemplate:
-- Seeking an ADR program to facilitate the trading of EasyKnit shares in the U.S.
-- That management of Wits Basin will be retained to manage and lead the direction of the merged company.
-- That the name of the merged company will be changed to more accurately reflect its new scope of business."
About EasyKnit
EasyKnit Enterprises Holdings Limited (based in Hong Kong) currently has a bleaching and dyeing business as well as holdings of real estate. The NAV is approximately HK$0.10, which is comprised of property and cash. EasyKnit is incorporated in Bermuda and its shares are listed on the Stock Exchange of Hong Kong Limited under the stock code "616." If the merger proceeds, EasyKnit will be transformed into a mining company with international natural resource assets distributed in China, South Africa, Mexico, and the USA.
EasyKnit has also entered into a discussion with SSC-Sino Gold Consulting Company Limited for a strategic equity joint venture to strengthen its gold mining management and acquisition of gold properties in China and has paid HK$10 Million into escrow for this transaction.
About Wits Basin Precious Minerals Inc.
We are a minerals exploration and development company holding interests in five exploration projects and currently do not claim to have any mineral reserves on any project. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "WITM." To find out more about Wits Basin Precious Minerals Inc. (WITM : wits basin precious minrls i com
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Last: 0.54+0.06+12.50%

10:00am 02/05/2007

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WITM0.54, +0.06, +12.5%) visit our website at www.witsbasin.com.
Forward-Looking Statements and Risk Factors
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes. These risks and uncertainties include, among others, the Company's ability to obtain or maintain regulatory approvals; the Company's ability to obtain necessary financing; the Company's ability to enter into and meet all the conditions to consummate the proposed merger agreement, and other risks and uncertainties described in the Company's filings from time to time with the Securities and Exchange Commission. The Company disclaims any obligation to update its forward-looking statements.
In addition, the exploration for and development of mineral deposits involves significant financial risks, which even experience and knowledge may not eliminate, regardless of the amount of careful evaluation applied to a process. While the discovery of a mineral deposit may result in substantial rewards, few properties are ultimately developed into producing mines. Moreover, we cannot make any estimates regarding probable reserves and mineral resources in connection with any of our projects and any estimates relating to possible reserves are subject to significant risks. Therefore, no assurance can be given that any size of reserves or grades of reserves will be realized. If a discovery is made, the mineral deposit discovered, assuming recoverable, may differ from the reserves and mineral resources already discovered and recovered by others in the same region of the planned areas of exploration. Further, the cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks we face are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on Form 8-K.
The proposed merger with EasyKnit is subject to various contingencies, including negotiation and execution of definitive documentation, completion of due diligence, receipt of required regulatory approvals, and board and shareholder approvals by both parties.
SOURCE: Wits Basin Precious Minerals Inc.
For Wits Basin Precious Minerals Inc. Lighthouse Communications, 866-739-0390 or Vance White, Chairman, 416-587-7323 Stephen King, CEO, 612-490-3419 Copyright Business Wire 2007

[renah]

geht die heute noch bei der meldung

[stupidgame]

Antwort auf Beitrag Nr.: 27.445.645 von renah am 05.02.07 16:26:29

Eigentlich sollte die noch ordentlich gehen. Bis jetzt trauen die Leute dem Braten wohl schlichtweg nicht.
Ich habe auch mal nachgeforscht, warum diese Übernahme, und warum so teuer. WITM exploriert wohl in Südafrika in einem der aussichtsreichsten Goldgebiete überhaupt. Und Easyknit haben wohl ihr Kerngeschäft verkauft und wollen mit ihrem Geld in was Neues einsteigen.

Gruss
s.

[renah]

mal abwarden was da noch kommt

[stupidgame]

Antwort auf Beitrag Nr.: 27.445.899 von stupidgame am 05.02.07 16:36:16

Hier der 2-Jahres-Chart. Die Marke, die es zu knacken gilt, sind die 0,57$. Das nächste Hoch aus dem Nov. 2003 sind dann ca. 1,70$.

[renah]

komm baby geh richtung norden

[stupidgame]

Ja, wo ist hier jetzt das Haar in der Suppe? Jemand `ne Idee?

[renah]

toll nur mist

[stupidgame]

Antwort auf Beitrag Nr.: 27.448.258 von renah am 05.02.07 18:23:37

Ich weiss nicht. Erstmal war`s nur ein technischer Rücksetzer, nachdem die 0,57$ nicht genommen wurde. Die Aktie ist aber long, solange sie über 0,42-0,43$ bleibt.
Warum das Papier nicht durchstartet weiss ich zwar auch nicht , aber wundern tut mich an der OTC nicht viel.
Ich hatte hier auch geschrieben, weil ich dachte, jemand meldet sich, der was sieht, was ich übersehen habe.

[stupidgame]

Antwort auf Beitrag Nr.: 27.448.258 von renah am 05.02.07 18:23:37

Hier ist noch alles offen. Aktie hat bei hohem Volumen im Plus geschlossen und sogar noch eine weisse Kerze hinbekommen.
Technisch ist das Papier kurz-, mittel und langfristig long.
Wer eine Position hat kann also durchaus schauen, wie es hier weitergeht.
Interessant wird es, wie morgen der Übernehmer in Hongkong schliesst. Theoretisch dürfte sie bis 0,20 HKD fallen, ohne das WITM ins Minus rutschen müsste. Aber das wäre ein Abschlag von 87,5%. Glaubt hier wer daran? Ich nicht.

[stupidgame]

Antwort auf Beitrag Nr.: 27.453.113 von stupidgame am 05.02.07 22:47:58

Also, Easyknit ist nach wie vor vom Handel ausgesetzt. Sowas dauert oft in Hongkong länger - keine Ahnung, warum. Bei Solartech hatte ich schon mal über eine Woche Aussetzung gesehen.
Übrigens, ich habe gesehen, das der Research-Link zur Börse Hongkong nicht direkt funktioniert. Also, bei Code die Zahl 616 eingeben und dann unter "Info Type" die entsprechende Information wählen.
Hier die News der Hongkonger Börse vom 5.2.:

Investor
Investment Service Centre

Listed Companies Information


EASYKNIT ENT<00616> - Suspension of Trading

At the request of Easyknit Enterprises Holdings Limited, trading in its
shares has been suspended with effect from 9:30 a.m. today (5/2/2007)
pending issue of an announcement regarding price sensitive information
relating to a possible very substantial acquisition and dilution of
control.

[xMarcelx]

+ 50 %

...und keiner merkt es

[Datek21]

doch ich schon...in usa grad bei 0.83 tendenz steigend wie ich meine

[Datek21]

jetzt 0.93

[xMarcelx]

Wie bist Du auf den Wert aufmerksam geworden "Datek21"?

Lieben Gruß

Marcel

[xMarcelx]

Hm

[Datek21]

naja aufgrund der nachrichtenlage

[Panem]

The CompanyCorporate Overview
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The impressive property portfolio held by Wits Basin Precious Minerals Inc. (OTC BB: WITM) includes a past-producing gold mine in Colorado that experts believe may still contain more than a million ounces of gold, and nearly a half-million acres in South Africa that may host an extension of the famed, gold-rich Witwatersrand Basin.

Wits Basin has acquired the rights to purchase the Bates-Hunter Gold Mine and the Golden Gilpin Mill in Central City, Colorado. Discovery of gold at the Bates-Hunter Mine in 1859 kicked off the Colorado gold rush and established Denver as a major American city. The mine, which has been dormant since 1936, is located in a mining district that historically has produced more than 4 million ounces of gold. Twenty-five percent of the gold mined came from the area immediately surrounding the Bates- Hunter mine. Wits Basin's property controls the nine principal veins underlying the mine. The veins historically produced about 750,000 ounces mined to an average depth of 600 feet. When the mine was closed, the mineshaft reached 800 feet. Drilling in the 1990s confirmed grades of .48 ounces over 10-foot widths with veins running from a couple of feet to 20 feet wide. Workings down to the 800-foot level confirm that the gold veins continue to depth. Similarly mineralized properties in the region have been mined to 2,400 feet in depth.

Wits Basin's exceptionally strong management team includes professionals with over 150 combined years of business, mining and technical experience. CEO Vance White also serves as president of Hawk Precious Minerals. From 1993 to 1995 he was president of AfriOre Limited, the company's partner in its South African project. He also served as president of Mid North Engineering Services and the Dickenson Mines Group. President and Director Stephen King is also CEO of SDK Investments, a financial advisory firm based in Atlanta, Georgia. He has extensive corporate finance and real estate experience. CFO and Director Mark Dacko previously served as controller and secretary of several publicly traded companies, including Active IQ and Popmail.com. Director Norman Lowenthal is a South African businessman, vice chairman of the Taylor Companies, a Washington, D.C.-based private bank, and chairman of the Hong Kong-based Mandarin Financial Services. He is past-chairman of the Johannesburg Stock Exchange and is currently a member of the exchange's Securities Regulation Panel.

If even one vein at the Bates-Hunter continues to a depth of 2000+ feet, the mine could host more than a million ounces of gold. Similar strike lengths on the other Bates-Hunter veins would multiply that resource by up to a factor of 10. "We are dealing with very rich grades - from the half-ounce to the six, seven and eight ounce range. We feel we can generate a resource pretty quickly," says White. And since permitting is already in place, White expects to get the mine into production fairly quickly with actual revenues flowing into company coffers within the next two years. "The permits represent a distinct economic and operating advantage for Wits Basin," says White, adding that even if the Bates does not become a large mine, "production of 200 tons a day can be very profitable." All of these factors open the very real possibility that Bates could provide Wits Basin with much more than operating cash flow. Then there is the apparent geologic confirmation that Witwatersrand rocks may be present on the company's FSC property. "With our Colorado project nearing production and the success of our exploration in South Africa," says White, "we believe that Wits Basin offers investors very little downside risk and all kinds of upside potential."

Wits Basin controls a 35% mineral rights interest – with the right to earn up to 50% – adjacent to the Witwatersrand Basin, the most prolific gold producing region in the world. The basin includes seven gold fields that have produced 35% of the world’s gold– more than 1.5 billion ounces since the late 1800s and still containing more than 1 billion ounces. The FSC property encompasses 140 km of strike length and ranges from 10 to 20 km wide. The company has accumulated more than $14 million worth of property geophysical, gravity, seismic and drilling data that appears to support its theory that the property could contain a southern extension of the Witwatersrand basin’s goldproducing mineralogy. The company believes its second drill hole may have identified rock structures similar to those in the Witwatersrand basin. The geological model was developed by AfriOre and academic geologists from Witwatersrand University. If you use only one-third of the gold mineralization ratios found in the producing basin, Wits Basin’s property could host 100 million ounces of gold with a resource value in the billions. The current exploration program has drilled to a depth of 1644 meters into Proterozoic cover rocks, the same type that immediately overlie the gold-bearing upper part of the stratigraphy of the Witwatersrand rocks.

Why invest in Wits Basin? Wits Basin has a strong and diverse portfolio of properties in South Africa, the United States and Mexico. It is sufficiently capitalized: the Company received a capital infusion of $2.5 million in 2005 as well as warrant exercises of $3.9 million. The management team has 150+ years combined business experience. There is a worldwide increasing demand for gold and gold prices are surging.

Latest News

March 13, 2007
Wits Basin Enters into a LOI to Acquire PRC Mining Property

March 1, 2007
Wits Basin Commences Operations in Hong Kong

[xMarcelx]

Noch jemand drin in dem Wert? Meinungen zur letzten Pressemitteilung vom 2. April?

Viele Grüße

Marcel

[stupidgame]

Antwort auf Beitrag Nr.: 28.653.085 von xMarcelx am 04.04.07 10:06:28

Ich habe die ganze Sache hier mal angeschoben. Da muss ich mich auch mal wieder melden.
Prinzipiell bin ich etwas skeptisch. So (zeitlich) lange Übernahmestorys müssen immer misstrauisch machen. Man muss sich fragen, warum teilen die das nicht erst mit, wenn alles in trockenen Tüchern ist? Deshalb auch die kleine Verkaufswelle nach der Meldung. Die Leute haben klarere Zeichen erwartet. Was die gemeldeten Deals anbelangt, dass liest sich nicht unbedingt uninteressant. Ich hatte aber leider noch nicht die Zeit das genauer zu durchleuchten. Vielleicht über Ostern.

Gruss
s.

[stupidgame]

Antwort auf Beitrag Nr.: 28.664.237 von stupidgame am 04.04.07 18:06:59

Hier scheint sich was zu bewegen.

Wits Basin Executes Definitive Merger Documents
FRIDAY, APRIL 20, 2007 7:34 AM
- BusinessWire




WITM
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MINNEAPOLIS, Apr 20, 2007 (BUSINESS WIRE) -- Wits Basin Precious Minerals Inc. (WITM) is pleased to announce that it has finalized and executed the definitive documents regarding the announced merger with Easyknit Enterprise Holdings Limited (SEHK:616).

The exchange will grant a minimum of 21 shares of Easyknit for each share of Wits Basin. Any additional payment of Easyknit shares may be used for the purpose of exercised warrants, options, transaction and fee expenses, and ongoing financing costs.

The rules of the Hong Kong Stock Exchange regarding a material acquisition require the trading of the Easyknit shares to be suspended until the Hong Kong Stock Exchange permits resumption of trading.

Pursuant to the terms of the merger, Easyknit will file immediately with the depository trustee to commence the initiation of the ADR program. The ADR program will enable our North American shareholders to have a North American exchange available to them to buy and sell their respective shares after completion of the merger. The Company intends to implement the ADR program in conjunction with the merger.

Both companies have agreed to use good faith and best efforts to complete the merger. The merger documents require a break fee of US$30M dollars for any arbitrary termination of the merger by either party.

About Wits Basin Precious Minerals Inc.

We are a minerals exploration and development company holding interests in three exploration projects and currently do not claim to have any mineral reserves on any project. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "WITM." To find out more about Wits Basin Precious Minerals Inc. (WITM) visit our website at www.witsbasin.com.

[aloevera2750]

http://de.advfn.com/p.php?pid=staticchart&s=NB^witm&p=0&t=23…

[aloevera2750]

Antwort auf Beitrag Nr.: 28.920.035 von aloevera2750 am 20.04.07 16:04:47

[stupidgame]

Also, ganz ehrlich, mir schmeckt die Sache nicht. Das sieht doch bischen "cobracrestig" aus. Da könnten die Chinesen die Aktien noch für 1/7 des Übernahmepreises am Markt bekommen und der Kurs bewegt sich nur wenig. Aber vielleicht haben die ja genug Geld und müssen nicht sparen...
Ich habe die vergangenen Wochen 4-5 Übernahmen an den Pink Sheets und OTCBB erlebt. Da war der Kurs zu Handelsbeginn schon in die Nähe des Übernahmepreises getaxt. Hier ist er meilenweit davon entfernt.

[xMarcelx]

Gute Neuigkeiten?

M.

[xMarcelx]

http://ragingbull.quote.com/mboard/boards.cgi?board=WITM&rea…

[xMarcelx]

@sttupidgame


Was sagst Du zu der ganzen Sache? Seriös?

Viele Grüße

Marcel

[xMarcelx]

Mal wieder unseriös...danke Amerika