Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Spread now near 5% MMs await the 1%
bargain it is, life is a game, place ur bet, u may lose or win, no pressure, just enjoy the ride
I think that lots people are watching closely for their 5p entry.
Bargains.
As of this morning JBs official stake in amgo is about £12.4m, I would think the further down this goes, the more likely it’ll be for an offer to be made.
"remember, things are never clear until it's too late" Peter lynch
"I’m expecting RNS before/on the results announcing the name of the new interim Chairman:"
From the June 11th RNS no less.
"Further to the announcement on 8 June 2020, it has been agreed that Stephan Wilcke will step down from the Board and his role as Chairman with effect from 18 June 2020, the day following the general meeting of the Company scheduled for 17 June 2020.
Mr Wilcke will continue to assist the Board on a consultancy basis following his ceasing to be a director of the Company. Mr Wilcke will receive no fees under the consultancy arrangements which will be for a period of six months and can be terminated by either party on one week's prior written notice.
Roger Lovering, the Senior Independent Director, will take on the role as acting Chairman until such time as a permanent replacement is appointed"
The CEO's not going to ask the chairman, or indeed any board member, to resign, particularly one that's just appointed him. The CEO works for the board, not the other way round.
If there is a buyer and there should be, no point buying, if the know there’s a sell off each day right? If they know JB said F you at 21p may as well buy them on the way down? I’m expecting something in the next week or two, can’t carry on like this...
I’m expecting RNS before/on the results announcing the name of the new interim Chairman:
“ Update on departure of Chairman
On 9 December 2019, Amigo announced that Stephan Wilcke would not stand for re-election at Amigo's forthcoming annual general meeting. Mr Wilcke has now served formal notice of resignation on the board on 7 June 2020. The Board intends to agree with Mr Wilcke over the coming days, a mutually agreeable termination date, expected to be a date after the forthcoming general meeting on 17 June 2020. The board would like to thank Stephan for his significant contribution to the business over many years.
Amigo will make an announcement in relation to the handover date of Mr Wilcke to an interim Chairman in due course.”
As we all know, results were postponed until the 23rd of July, so the way I see it, Wickle will sign the results then leave.
JB asked the BOD to remove 3 members:
1- Hamish Paton (CEO): already resigned and left the company.
2- Stephan Wilcke (Chairman): resigned and will leave shortly.
3-Roger Lovering(Non Executive Director).
JB tweeted last week:
“ Our faith in Glen is very strong, and once we are sure that Stephan Wilcke and Roger Lovering have left the board, we would see a strong possibility that we will reinvest into Amigo and play a part in the turnaround.“
Hopefully the new CEO/BOD will ask Roger Lovering to resign in order for the company to secure the support of Amigo’s founder and major shareholder.
Fingers crossed!
Right - bed time - lets see what tomorrow brings. Sleep well - if you can, but hold your nerve and patience will be rewarded as it is a vertue.
£1.86 a year ago with the old board in charge - things can only get better!!! Night Night : )
They will make themselves known only when they must. Until then we must suffer comments like those made earlier.
Interesting point
I think we are getting closer to the mystery being revealed
Lol
Yuri - GC wouldn't be taking over and saying the things he has said for some arabs to wind this successful company up. IF mic are investing for the Abu Dhabi government they would want this company to succeed.
If there are 2 MIC companies can they both potentially hold 29% without having to declare themselves and make themselves known?
There are many catalysts that will perk the price up yuri
We spend our money we take our chances
We could be bought out
The worry of the fca fines could be far less than anticipated when the new ceo and JB deal with them if indeed there credit profiling is 100% robust ie no rules broken
No fines to pay back could equal more profit
We wait we see
Good luck
Until I see a new tr1 saying otherwise in my mind they have the 8% in total of which the 7% held in one parent or subsidiary. I looked A few days ago but have not found any tr1 with both the different names on. I would be very happy to be Proved wrong and it will boom :)
Lol, I've seen this MIC Capital, Abu Dhabi and sovereign wealth blah-blah cards played (in exactly the same wording) on so many collapsing shares, last one was SXX (taken over for peanuts in the end, would have go into admin by now otherwise) with sad outcome for PI's.
It's like seeing the same rule-book played over and over again, people never learn.
Just a thought if mic now have 16%
If they do infact have the missing 12%
There's your bidder rapidly approaching the 30% compulsory bid mark
Agreed AMG and it looks like they want to buy our subprime debt!
Mic I'm sure are a an entity broker on behalf of Abu dhabi sovereign wealth
They in essence invest for there country's givernment
Courtesy of the twitterati
Sovereign-wealth fund Mubadala Investment is raising money from US investors for an equity hedge fund. Mubadala,which invests more than $225 billion for the Emirate of Abu Dhabi, has filed paperwork with the SEC for MIC Capital Partners (Public) and MIC Capital Partners
Make of it what you will
Amigo invester relations
G C N - Who is MIC and why are they interested?
https://www.marketscreener.com/AMIGO-HOLDINGS-PLC-44458576/company/%2Fservices%2F
MIC have 16%, the likely bidder IMO
What website says 16%? The amigo one?
It's just my curious mind wondering who has bought it
I know about the 8%
It's the other 12% whereabouts that's facinating