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The RNS today gives some detail and there's even more detailed explanations on the assetmatch dot com website.
As i have never used this facility before, can anybody explain is simple terms how it work in reality and how would I use it in relation to the delisted TSTR shares?
Sorry if this sounds like a silly question so any help would be useful, thanks
Tried to top up on A J Bell but the platform won't allow a trade. Was I too late today? I did buy yesterday without issue.
Great post from another board..
dr rosso: AssetMatch signed up to create a market for future exchanges of shares. The whole situation looks like a set-up. Delist drives away pis at knockdown price. Somebody is scooping up those shares and has got them for next to nothing. On a fully functioning roaster, someone is going to be offering 50p+ through this new exchange facility to buy out whoever is holding after delist. Imo. The Omanis will want that 16% stake, have no doubt. Topped up today using HL, regardless of the outcome of Equiniti error.
How would a offer of sub 2p be justified/accepted?
As per my email confirmation yesterday from the director or SPMP which confirmed the plant was expected to be running at 100% capacity in 6-12 months. (Already confirmed commercial grade produced and running at around 50-90%) And you believe our percentage will be diluted from 16-0% to justify this?
IMO to start with we will receive either a low offer for
Our shares or have the option to sell in the asset match facility.
I will be declining any low ‘offer’ unless it is a buy out of all shares where I have no choice, I expect any buy out to be 10p+ with more then one buy offer.
# Trades 58
Vol. Sold 950
Sold Value £16.63
Vol. Bought 3,532,981
Bought Value £61.83k
some one in the know
just pick some shares
it wont break the bank ... but if people are saying ,thay are going to be more then 2p ...
i am in
I still think there are a few shorts that will have to close this afternoon lets see
Why anyone would not want to take this chance baffles me. It’s risk free at sub 2p. Just look at the buy/sell ratio.
Honestly, what’s the worst that could happen.
Buy/hold.
For anyone with iweb they will transfer the shares out of the isa wrapper and put them in an ordinary account
of a recent valuation posted by Urban Fox:-
I previously issued a valuation analysis for SPMP and Tri-Star (see previous posts). Ultimately the fundamentals driving the overall valuation of the SPMP business have not changed, although the investment input required to get the Plant over the finish line have increased as explained above.
Current overall investments by all Shareholders has reached $206 million. In addition there are outstanding bank loans of $57million, to which all parties remain as guarantors (in proportion to shareholdings).
Projected future Revenues (Antimony and Gold ore) by SPMP will be in excess of $200miilion per annum. On a conservative valuation of SPMP at 3 x Revenues then the SPMP Valuation is $600million. In reality once fully commissioned and operational it will literally be a #goldmine# and its valuation should be 5 X revenues or $1Billion per my previous analysis.
Tri-Stars current valuation of Assets comprises its core investments to date of $34million plus its balance sheet Net Assets of $13.7million. This gives Tri-Star a current valuation of $47million versus its current Market Cap of $35million (£28million at end September). That's a 34% premium to the current SP of 30p and should in fact be upwards of 40p.
Once the SPMP Plant is fully operational then we can use the appropriate business going concern valuations above. Tri-Stars valuation in 2021 based on an Operational Plant will be a minimum of 16.3% of $600million or $97.8million. For the sake of brevity lets just round up the numbers and make it a $100million valuation. That is the valuation projected in the next 6 to 8 months. And to put that in £ and pence an SP of 85p.
dyor
Very few people understand how ridiculously cheap these shares actually are . Opportunities like this are very rare and I believe that there will be a lot of people that are going to regret not having the courage to commit. I am telling you now that within the next 6 - 12 months these share will be worth at least 25 times what they are now. This is the biggest investment that I have ever made in my life and I have staked my reputation on it as I have convinced practically every one of my friends to buy them.
Just look at the facts. Four weeks ago the Omani’s just bought 24% for at least 48 million. They wouldn’t have done that if they didn’t know what was going on.
as explained, Odey has his own reasons for keeping the price low.
SL
There you go guys. I told you this was happening. I know that they were also talking to JP Jenkins but it looks like Asset Match have been given the contract. Hold your shares today or buy more if you have the funds. This trading platform has been set up for a reason. There will be a buyer very keen to take your shares once Tri Star is delisted
Shareholders will continue to be able to hold their shares in uncertificated
form (i.e. in CREST) and should check with their existing stockbroker whether
they are willing or able to trade in unquoted shares. Shareholders wishing to
trade shares through Asset Match must do so through a stockbroker. A
comprehensive list of stockbrokers who have signed up to access the Asset Match
platform is available on request.
Asset match next trading platform- rns
Staylong that is interesting thank you for the information.
Nothing but buys today including another 1,000,000 shares bought @ 1.9. They will do well to keep the price down today. Someone isn’t going to buy 19k of stock without knowledge
Do you think we will get quick liquidation distribution (at 5p nominal?) rather than capital appreciation on SPMP project investment??
As previously explained. THIS WILL NOT BE THE LAST TIME TO TRADE YOUR SHARES. As we speak Tri Star are setting up with JP Jenkins. https://jpjenkins.com/
Odey cannot be seen to buy shares on AIM , especially as he made the decision to delist which has forced a lot of investors to sell their shares. He will for sure be trying to buy as many shares as cheaply as possible once delisted. This is why there is a big effort to keep the share price down by MM’s and trolls. He will pay you far more than what’s offered at the moment. Long term holders won’t be selling for any less than 30p. But if the short term holders stick it out a couple of weeks he will keep buying them up to 15p
If you call JP Jenkins they will confirm that they are setting an account with Tri Star.
Let see how today ends.
What are your plans for the delisted stock?
I will be getting paper Cert from ii and holding long term for Divs or buyout over 25p minimum
Looks like they are trying to fill buy orders, could be an interesting last day ..
Just got off the phone to my broker. There is a bid for a million shares at 1.51 and only two small offers of 30,000 shares at 1.89 and 20,000 at 1.95.
They are going to find it hard to keep this down today. Trolls are going to have to work extra hard today
I’m out..
for the day.. I’ll see all you holders tomorrow.
Hold.
Hope that wasn't directed at me SL .. I'm a holder unlike some of the derampers.
Doesn't take much working out who they are ..
Looks like a few more trolls have emerged today. All working hard to keep the price down