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Looks investable if your a gambling man and can afford a small postion
you either lose your money or make 300%
Someone bought 200,000 of this disaster share - what goes?
Should add... Watch the price fly now (usually does)
After holding these impossible shares for the last 2 years I finally managed to sell without loss yesterday
Not entirely sure what happened but at opening yesterday (AGM last weekend possibly) the spread appeared favourable enough to promise me a nice 30% gain
On instructing the broker to do so I was given the 'we can't give a definite price' message.. oh well fingers were crossed as I hit the proceed button
20 minutes later I was chuffed to find a lovely 1% gain after fees.... I've been looking at a loss due to spread for 2 years! I was mega chuffed!!
I too am in the 99% loss club, fortunately I only had £100 to invest back then. I've recently stuck a bit more on this horse in the hope that I will get my original stake back but with such a wide spread its bloomn impossible!
Can anyone explain why the spread is so wide? I'm also after an explanation as to why the share price has recently jumped, there's very little press about Tanfield and nothing thats hugely positive... who knows ?!
Good luck all
Another law firm throws in the towel. Does this mean that the contract with Snorkel is in fact not worth the paper it is written on? The saga will go on but whether any ordinary shareholders will ever benefit is another matter.
I don't have the guts to invest here again, having lost lots to subsidize other peoples lifestyles, but it is looking more hopeful after today's RNS that shareholders might not be stripped of all their investment.
I must also be one of the one per cent. Here since 2007. Inertia probably explains my position. Regrettably held too long and saw initial profit turn to 99 per cent loss - probably worst ever investment . Cannot understand today's 31 per cent rise on virtually nil trade.
Surely repayment of the expensive loans taken out to continue the legal battle will swallow up the 'massive return' if TAN win ? Even if TAN win, where is the working capital to continue coming from ?
You are not alone!
Shareholders know a massive return is on the cards hence they continually support the company in their legal fight.
99% of all small pi's have long gone, nobody prepared to take a punt any more. I'm the 1% that has
Are often the best one to spike out of nowhere.
I'm just wonder what value 49% of a US company with $155 mil sales is worth, certainly way more than the £3 mil Tanfield are worth currently but looks like the 51% controlling holder is running the business into the ground perhaps on purpose as losses are growing as quickly as the sales, you'd think they would make a offer and buy Tan out, that is what I'm holding out for, this could be a 5-10 bagger from here
Capitalism combined with the legal system at it's worst
11.27 per cent rise on nil volume buys/sells. What's going on?
https://www.prnewswire.com/news-releases/ahern-rentals-inc-announces-intention-to-refinance-301363799.html
Ahern Rentals, Inc. Announces Intention to Refinance $550 million rate of 7.375% Second Priority Senior Secured Notes due 2023
not a company in good shape , maybe why trying to steal the 49%
By Investors makes this cheap .
Will they ever get Snorkel back ?
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NAV of like 11p? How is this so cheap?
One day the snorkelling may be sorted and Tanfield can breathe again.
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A very red day & UP 30% nice.
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Weird trading .
3.5p on the ask is steep.
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A break of 3p could get Interesting .
Although count no chickens etc.
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The Snorkel investment is valued at £19.1m.
Could be worth more on last month`s figures.
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?
Maybe one day .
Perhaps !
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Sorry - wrong bulletin board!!!!