Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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rights issue nov 2014 April 2016 bought out at 0.138 Diabolical liberty.... rip off
Holders will receive, USD 0.195 per share at whatever the sterling conversion is this Friday 8th April
so we are sold now , right?
I feel completely shafted by this company Not good :(
Well I knoiw what am getting now now hmmmm!!!
that was big?
Looking back and reminding myself what happened here, daylight robbery that's what! LTH must feel totally cheated?
My last post just remembered the amalgamation ........ Boy shareholders got robbed there then.
Please explain why AQP has not budged yet platinum has surged? Gob smacked!
Can anyone explain the continous buying of 10 and 100 shares today...Maybe a bot ? Thanks in advance. gla
who's bought 25m shares ?
For the Lmi board :-)
Completed their acquisition today of around £190 million quid. Or our market cap is 40 million less and try have lost a $1 billion in the last 5 years! Astonishing
- Directors 'purchasing' because they are being paid in shares still (as per several RNSs); and - Share price jumped because (1) the shareholders voted in favour of the takeover, so now it's just the local competition tribunal hurdle before it's a done deal and (2) purchase price is USD so although it was c.12.7p at the time it was announced, it's more like c.13.5p now thanks to the strong dollar/weak pound
and now the bid is higher than the indicated ask on here. hmmmm
what's going on here. a sudden jump there?
Looks like the dates for posting voting info & the vote, age being extended. Why has a Director purchased at 35c, is another offer being discussed ? If the sp rises above 12.9p, this will be an indication.
some odd movements here?
Directors buying !!
This share action is an excellent example of how the current stock market works. With a 40 pence base price for about 15 years, the stock has recently been shorted down to 6.5 & 5.5 pence. With Pro’s primarily focused on shorting & fear of investment, continually shorting to extracting money off each other & everyone else. There has been no attempt to ‘invest’ with a long term view of increasing the share price. The result is that ever one involved will receive a fraction of what the company could have been worth. In this case shorting stands for short sightedness & short changed.
12.9p for the worlds 4th largest platinum producer. Pro’s commonly achieve 100% on their high risk investment, so not surprising to see the offer at 100% above the 6.5p low. Also interesting that there is still massive buying @ 11.25, is this short covering or is there the possibility of a counter offer ?
copied from iii: platinum price is at the bottom at the moment, however, this price will not stay at the bottom for long.many are expecting the price will recover and hence there are several platinum junior minors sitting on huge assets and yet being cheaply valued. AQP is one example, where Sibanye sees this as a bargain and worth buying (and no burden of debt, unlike LMI). so, this should crush those punters who were falsely saying nobody will be interested to buy platinum miner due to low profitability as platinum price too low. in fact, several major players who are deep pocket will be acquiring smaller companies (like AQP, JLP) while they remain cheap. another to watch is JLP, where JLP has massive platinum assets worth around NPV $4bn and yet their mcap only 28m. perhaps all eyes are waiting for the mining licence before they put their offer.
Presumably also reflects lack of belief in any better offer coming along. Oh well, I hope it goes through as it'll leave me slightly in profit after being in here for the relatively long term.
Not a great offer, for anyone that has been here for a long time. I dipped my toe in for a few weeks, but accepted a small loss last month when I needed the funds for a more exciting prospect.
incredulous!