Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Bubble and Woody, I didn't have a ticket to the game, just went for the jolly and to catch up with some old friends in Paris. Wasn't willing to shell out £2,500 which was the going rate, and glad I didn't because by all accounts sounded like an utter sh*tshow. A friend who had a ticket to the game was mugged at knife point by some local Parisian youths. Appreciate the kind sentiments and Woody glad your lot stayed up this year, Leeds are a proper club and deserve to be in the PL.
The EGM news is very interesting, not sure what to make of it as of yet and hope that the company give us some indication as to what's on the agenda sooner rather than later. Onwards and upwards SOLGers, hopefully not much longer before payday!
I hope you managed to get into the game Sharketmare. I’m a LUFC man, but wanted you to win. Liverpool are a brilliant club.
Sharketmare ,shame about game , disgusting scenes hope someone held to account YNWA ..NM hopefully bring us some luck here
LunchMoney yes agree there
Solid analysis CD. Bring on tomorrow.
Argh I see 2021 resolutions no I didn't at the time for personal reasons ,so you saying they can inform the markets in an extraordinary AGM they going to proceed with one of these resolutions?
LunchMoney or( C): 4:5 billion offer for solgold put to shareholders not included smelter contract
Be interesting to see how we move forward (or not ) tomorrow….. remember our 4.3m buyer wanted more than twice that amount….. they may have to pay a little more….. perhaps tr1 as Norges breach the 4% mark ?
Some excellent posts on here this weekend, thank you to all contributers far more knowledgeable than myself. After a heartbreaking couple of days in Paris (I am a big Liverpool fan) it's been great to read some proper insight on the train back home.
Yes.
LM, how do you reach the figures you mention?
Thanks thats helpful...so it could be 2 or 3...
Lest we forget the seven children of Solgold.
Rk, you may well be right. If so, it'll be interesting to see how BHP/ others react - unless of course they are in the loop and are fully supportive.
Did you ask if they’re going to franchise out the bakery? Smallacorns might be onto something. I’ll like to buy a franchise for Dubai!
I've emailed Fawzi requesting an explanation...I won't be holding my breath...
I believe there is nothing sinister about this EGM but I don't think its smart for the company to only make the previous and revised announcements through SEDAR, even though it is a requirement in Canada.
In any case the Agenda will have to be announced 21 days (14?) beforehand...
So while there is wild speculation my own belief is that it could be for one or more of the following reasons:
1 To increase the Authorised Share Capital
As at 30 June 2021 this was 783, shares. With 2,293,816,433 in issue that only leaves 783,385,289 shares available for issue, which at say 30p would raise a maximum of £235m...
I'm pretty sure there will be a significantly bigger equity element in the Cascabel financing, but anyhow...
We all agree that the Co will need to issue further equity up to or beyond 30 June to get the DFS done and for further drilling...surely a minimum of $100m...
2 To authorise the issue of securities on a North American exchange e.g. Nasdaq
3 To secure the authority to issue Convertible Securities as required for the Cascabel financing
"With regard to the section "Convertible securities or loan stock" there is a requirement under s549(1)(b) for authority to allot where there is an issue of loan stock or other security which are convertible into shares."
And there could be a notice similar to this below...
"Further to the Company's announcements regarding a proposed EGM to be held on 30 June the Directors announce that it is their intention to seek approval for a Convertible Bond Offering on xxx, and that it will today publish and post (or otherwise make available) to shareholders a Notice of Extraordinary General Meeting with related explanatory circular (together the "EGM Notice and Circular"). The EGM Notice and Circular contains resolutions to approve the allotment and issue of Ordinary Shares on a non pre-emptive basis for the purpose of settling conversions of the Bonds , which will be put to shareholders at an extraordinary general meeting of the Company (the "EGM")."
Or similar...
In conclusion I believe the EGM will be for the purpose of approving North American securities and to increase the Authorised Share Capital...
AIMO....comments welcome...
14 days notice required for an EGM. Shareholders are getting considerable prior notice. I’d expect notice of the EGM to be served in the next few days to minimise any uncertainty. My immediate hunch is that any director embroiled in the fraud controversy would have resigned to avoid EGM embarrassment, unless they are disputing their culpability? So I’m hoping it’s re Alpala JV or other potentially fundamental investment or financial proposal.
Putting the whole Board up for election before the AGM, when they have promised to do it, would be a very dangerous move IMHO...and I say again, Ayten surely wouldn't have agreed to join if it was something like that...
Wouldn't need an EGM rot remove a Director for disciplinary reasons DBW...but Nick could call an EGM if he was unhappy about the way things are going...
Great board today different options a pleasant discussion ,it's certainly got us all excited here's gla.
BHP may have called an EGM...
"Directors' power to call general meetings
The directors of a company may call a general meeting of the company.
303Members' power to require directors to call general meeting
(1)The members of a company may require the directors to call a general meeting of the company.
(2)The directors are required to call a general meeting once the company has received requests to do so from—
(a)members representing at least the required percentage of such of the paid-up capital of the company as carries the right of voting at general meetings of the company (excluding any paid-up capital held as treasury shares); or
(b)in the case of a company not having a share capital, members who represent at least the required percentage of the total voting rights of all the members having a right to vote at general meetings.
(3)The required percentage is 10%..."
If it was something as massively strategic as a J/V, do you think Ayten would have joined the company, knowing that an EGM for that purpose had been called...doesn't make sense...
Thanks Almost...I made a tidy sum the last time there was a a metals boom from 2008/2010...
Its been a long time coming but this could be the biggest since 2001/2005...