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Glen. is today. Lost 25% value in last 3 months. Nothing happening here. Last one to leave turn out the lights and come back in a couple of years!!
Was actually a good podcast to me. Need to tot up the numbers myself but he said it himself that he is knee deep in Obtala now and the Glencore vision explains why.
on the chart is bullish three outside up
saw that as well, maybe the podcast had a purpose of halting the rise yesterday in readiness for more buying???
Two buys this morning has seen the bid raise each time.
Very good podcast. Added more.
So he would have purchased more `if they were available`!!
Hmmm, does that suggest no `big sellers` left at this level then?!!
So it's a long term play with success dependant on trade finance and no plans to go private?
https://audioboom.com/posts/7010096-miles-pelham-chairman-of-obtala-obt
Quiet day on here today :-) Will MP keep buying this week or will we be hearing some news fairly shortly?
Quiet day on here today :-) Will MP keep buying this week or will we be hearing some news fairly shortly?
Ok must be just me. I’ll have a look at investigate. Thanks
Personally, I haven't had any issues with RNSAlert, but you could always try https://www.investegate.co.uk/ instead.
Anyone else having problems with RNSAlert? Very few notifications coming through just lately. Is there a similar alternative?
Since they were issued the OBT TVR has increased so the convertion rate has changed. It’s now 1786 OBT for each Argento Pref. At today’s exchange rate that makes them worth about 15p.
If he gets 100%, what happens to pi's shares?
He’s looking for 100%
Is he looking for 51% for sole control?
He’s spent over £22m in cash. Just let that sink in.
Incredible, another director buy.
Said it before, and will say it again, never seen so many connected director purchases within a short period of time, from one individual. Bonkers!
Pref shares carry a ratchet of 150% upon change of control
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OBT&ArticleCode=eaoscgee&ArticleHeadline=Preference_share_subscription__Forestry_division
Trying to find out where it says 15p. I was going off this rns
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OBT&ArticleCode=eaoscgee&ArticleHeadline=Preference_share_subscription__Forestry_division
42. The conversion price is about 15p. Still a premium but there are other benefits as well that would justify paying a premium. 5% a year accruing and 50% takeover uplift. But still makes them look mighty cheap at these levels.
Certainly looks more probable now with the amount of Argento shares being bought. With the conversion rate of the shares at 20p MP is paying a premium.