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I expected the spreadsheet to more complicated that it turned out.
I'm not sure what will happen from this link .... if google opens it for you you get less than you would from Excel.
https://drive.google.com/file/d/1H8U6O8_5w3nsC5CCIsXfdVzBMM4a7tgk/view?usp=sharing
I used 37,500 because I disclosed that number to Cheeky already (not recommended but MM posts encouraged me to prove him wrong).
If you can download it please do and change 37500 to your entitlement. The body is locked so if you want to extend the price beyond 25p you'll need to unlock it.
No surprises .... this is a simple version and it all it confirms is is that it is best to sell at a high price!
I now want to feed historical prices using a similar concept with fluctuations galore to see if peaks and troughs suggest a price to trade at. Leaving it to the deadline date is probably wrong because the take ups will dilute the share price a bit.
No probs Lager - I was chuffed to have remembered it at all and my response was directed at Donk rather than you.
Your story reminds me of Frank Webber, platform porter at Wellington (Somerset) station pre-Beeching!
A load of pigeons were being sent to Cornwall for a prestigious pigeon race but were temporarily offloaded in Wellington for some reason.
Frank felt sorry for them stuck in their baskets in the heat so he opened the baskets to let them have a fly around!
He assumed they'd return to the baskets and it cost British Rail a few bob in compensation.
Apologies Brad, clearly a memory lapse, here is another dog story for you.
Many years ago I worked for British Airways and on a training course the instructor told this story.
Lord X was flying from London to Capetown and had his prize Labrador gun dog in a sky kenn3l in the hold. This was in the days before jumbo jets and aircraft had to stop to refuel on the way down. The plane landed in Cairo and when the hold was opened the dog jumped out and took off. The Egyptians caught and old mongrel in the street and stuck it in the Skykennel, when the plane got to Capetown the Lord was not amused.
Better than this one Donk?
RE: All quiet on all fronts 18 Jul 2020 06:13
Brad,
You should get the Korean cookery book.
FIFTY WAYS to WOK YOUR DOG.
That is possibly the best post ever on this board !
Brad, you could get the Korean cookery book.
Fifty ways to WOK your Dog.
Poppy has appreciated more in value than most of your shares guys! To buy her as a puppy today would cost 5 times the price my son paid for her almost 10 years ago. Not that she's for sale mind you! I have started putting her supper treats in a roller ball with a variable size loading/unloading hole! She brings it to me when it stops delivering treats, for me to iden the aperture. It would make a good video! Especially once it is empty! I cannot decide whether she has hasn't realised it needs to rattle for there to be treats in it , or whether she knows and hopes I'll refill it? Usually brings it back empty 2 or 3 times before giving up. No more Poppy stories I promise.
https://drive.google.com/file/d/1aCC_C0qCuwBYJk93rH_TfHuWYuAkyx9d/view?usp=sharing
Logged off happy with 10 trades showing and 7c achieved - a shade disappointed that a couple of turdy/tardy sells moved us back to 6.6c at close , but the good news is that those shares are out of their hands so they cannot sell them again!
6.6c is almost 3.7p up 6.45% so right direction.
My1, TG is looking for staged payments not the whole $10M or $30M immediately. The options could replace a few of those stages but I don't expect people to rush out and buy those options until 2022.
Chicken and egg will make them hold back I think. There is the possibility that after the budget today folks cannot afford the options. One of the ways out is to sell enough of their shareholding to raise the cash for the options. If that price is above 8c / 4.4p the number will be fewer than they are their entitlement. The higher the price the fewer shares that are required and the higher aggregate number afterwards.
If we had a spike (as we did around 17p when a few of you caiught a cold, this approach could be better than waiting until closure date. What size that spike needs to be is the $64M question?
I'll have a quiet day today as I consider a spreadsheet that could simulate the idea - it will take my mind of what posts are being killed off in a "chat room" by the gestapo!
We don't want the heat taken off Brad, we want proper funding and a proper agreement A.S.A.P!
Out of auction at last and spread is 6.7c - 7c for openers.
Those options may take the heat off negotiations on funds sooner than we expected!
Oncemore , I have been marking time for up to two years now. I dinna ken how anybody expected anything to happen barring Lefoko making it sound possible against the odds. Covid lockdowns are coming to a close once Botswana and Australia and any contractor's countries get enough vaccine.
It is interesting that TG is issuing news in the UK before Australia - the market is more favourable in the UK than on ASX because of it perhaps. I've always thought the grapevine would grow in Brisbane when there is breaking news but TG seems to be running a watertight ship so maybe not. We've all waited too long for this period in our history and a gestation period of 9 months will be very exciting methinks.
Anyone else missing updates on Poppy’s walkies? Suddenly it’s a bit more about Tlou. Got to be a good thing.
The only post that mentions warrants on here after the pruning seems to be MM's original post.
I'll repeat my claim from this morning (now deleted by MM) he is dangerous!
The first post I remember from him was a huge ramp that was prompted by a claim he had spoken with TG directly!
That may have kicked off claims that TG was over promising? How many years since? Enough about Moriarty!
I'm looking forward to a recovery on ASX tonight after a splendid day of trading in the UK. TBH I thought the decline on ASX might have pushed the UK the other way. It is hard to envision ASX dropping further behind LSE in which case it has some catching up to do! Our spread is not far off the option price of 4.4p - so 7c+ does not look impossible. Surely both exchanges will move in the same direction one of these days.
Note the sniper has had most of this thread deleted folks. If we were talking wit, he'd be sarcasm!
One of the perks of subscribing I reckon, though he denies it as you'd expect.
Good to see you still have your blue sky hat still on here MM. 20p soon - be great if you are right. Do you think that is tantalisingly close per chance.
..with Brad topping the bill.
The 4.40p warrants are unlisted, and hence have no market value. They are not transferable, or tradable, and hence will appear with a zero valuation in accounts.
Their value is when the SP is at 20p (very shortly) when they can be exercised at the 4.40p strike price and accounts credited with real golden tickets.
In addition to Offer Shares, participants will be granted one unlisted New Option for every two Offer Shares allotted.