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Explain Bladey?
2 people I avoid when researching stocks... Trevor Brown, and Colin Bird, saves me so much time!
I can sell but for 0.3
WTF
Current price0.60 0.71
Quote price0.3
Order typeFixed price quote
Quantity1800000
Investment
Commission
£0.00
Consideration
£5,400.00
Total proceeds£5,400.00
Cant buy online with Halifax. Shame. Is there a reason.?
Boom time indeed
Aussie mining investment manager taking a notifiable stake here. That's got to be very interesting
Thought there might have been some news today given the activity yesterday. News on the manganese front, or the couple of deals CB mentioned that could be concluded in Oct. Either way, I don't think it's far away.
ok 23% now
down 46% whats going on then
Today could well be the start of a mining growth story as CB seems to have a focus on this rather old and forgotten investment company.
But old news now
I wonder whether Zambian prisons have got reasonable internet speeds?
https://www.zambiawatchdog.com/british-businessman-accused-of-stealing-mine-in-zambia/
Is no fool and knows his way around the market and will want Tiger to become a must have investment for those interested in the resourse sector. No doubt he has already lined up targets some of which will be floated. What we can expect is an ongoing series of capital raises to build the company.
It seems remarkable that he could have been intestate.
https://www.thegazette.co.uk/notice/3603674
Interesting dannawinner but I must confess I did not realise BR had passed away a year ago and a bit suprised not mentioned by CB in his annual report. But I feel TIR has now changed and we can expect more activity, more liquidity in the shares as they will probably issue stock for acqusitions. No doubt the shares held by the estate of BR will find new investors and may well have done given a year has passed.
I must say that I have looked at TIR a couple of times, because of its abysmal performance.
There are a couple of things that put me off 'having a go' here.
Firstly, the bid/offer spread is off the scale at 60%, yes 60%, which makes it impossible to make any money, how many day traders are going to pile into this one?
Secondly, the shareholdings. The Board have quite a chunk so they are not going to vote themselves out, are they?
Thirdly, this venture if I remember my research correctly, was set up by the late great Bruce Rowan, an Australian mining Engineer (Greatland Gold similarity) who sadly died last September. He, and now his Estate has 31.6%
Here are the top five shareholders of Tiger Royalties and Investments based on the size of their shareholding:
Rowan (Ronald Bruce) Individual Investor Percentage owned: 31.66% (58.4m shares)
Bird (Colin) Individual Investor (DIRECTOR)Percentage owned: 11.63% (21.4m shares)
Ashdale Investment Trust Services Ltd. Corporation Percentage owned: 6.12% (11.3m shares)
Samtani (Raju) Individual Investor (DIRECTOR) Percentage owned: 5.35% (9.87m shares)
Tyerman (David William) Individual Investor Percentage owned: 5.32% (9.80m shares)
So you can see, very quickly, that The Board, and the Beneficiaries of Bruce Rowan's Estate have got 48.64% of the company, and impossible to beat. You may ask how Bruce has 31.6% and hasn't had to make a takeover bid, well he set it up and it is therefore a Whitewash. To those that are new to the term, this explains it well.
https://www.valuethemarkets.com/2019/05/24/explained-the-argument-for-a-mandatory-takeover-bid-for-management-resource-solutions-rule-9-of-the-takeover-code-mrs/
If the censors asterisk out this link the stars are value the markets .
So, all in all, unless you can get the ear of Bruce Rowan's Estate, no EGM requisition is going to succeed, is it?
I have been trying to meet them for months, but have not succeeded as yet. Reminder - GM?
Note to Tom W - unless you have got the ear of the Board, any EGM request must surely fail. If you do have the ear of the Board, there is no need for an EGM, they will appoint you as a Director. They will not be leaving.
Simples.
Put them on to me, I have done three successful EGM requisitions.
Happy to help.
Tell me does this TW have a creditable day job. Anyone know?
Headline on Sh@reprohets tonight .....
BREAKING: Shareholders call GM to oust Colin Bird from Tiger Royalties
CB tells Zak of a couple of deals in October.
So the Tiger has changed its spots and will now become a more proactive resource company. Colin Bird's other companies are well invested in Africa, he knows his way around the market and has plenty of contacts So with the resourse sector very much in favour we can expect a vert different Tiger emerge and a more active SP.
Thanks Triumph1, I will do a bit more research.
I cannot see how the operational costs can be justified. This company could be run with a phone and a laptop, with a £3,000 per year registered office address.
When I raised this first with my Broker three months ago, he asked me what I would invest the funds in, and I said 50% Rockrose Energy RRE and 50% Touchstone Exploration TXP, which reflected my own natural resources holdings.
My SIPP is up 600% year to date, and would love to replicate this for TIR holders.
Roland has not been returning my calls.
Not JN, Colin Bird haha
Indeed. I think it is a great idea, and would be happy to form a syndicate to revolt. But....with the board and Bruce Rowan owning just under 50%, it would be extremely difficult to achieve anything and buying up the stock from the market makers to build a holding worthy of a voice would be very expensive due to the virtually nonexistent liquidity and massive spread.
This is Bruce's medical fees and pension paid for courtesy of the shareholder, and I cant see anything changing until the reaper comes calling to be frank, or the NOMAD does the honourable thing and pulls the plug. I couldnt imagine in any other circumstance JN putting up too much of a fuss over this little tiddler if a company wanted to reverse into this as he has his hands full elsewhere, and the others have a tiddly holding so would fall into line. But bruce is the only sticking point, and JN would stick by him until the aforementioned happens.
Triumph, I could not agree more.
A monkey could choose better investments, throwing darts at the shares pages of the FT.
I regard myself as an average investor, and have increased my portfolio value by 373% since last September in a difficult market.
I have ousted an AIM company board in the past, and am tempted to do it again with this one, as you may have noticed there is one key investor, do you fancy having a go?