Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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AIM suspension imminent then, by the end of March, permanent yet more shares have been bought today than sold. Does someone know something or are these just clueless pi's!?
I don't think so. It looks like the last day of trading on Aim for a while until new Nomad appointed, surely there will be one within a month. Either way, the company will continue in some shape or form but whether shareholders can get anything may well be unlikely if thrown off Aim and Bondholders call 'Default'. I have everything crossed and cannot see the point in clawing back 50p or whatever my shares could return today.
Today the end for dqe?
Yeah, well important and hope to get one by Tuesday 8 am or suspension. After that we have 1 month before more permanent suspension. All to play for and there's certainly enough players and Allenby and be off, don't like them. Someone will do it IF we want to stay on Aim and not do a Bond default.
timeline..only 100% downside I suppose
If we don't get one by tomorrow game over
of to be disappointeds
Very good results, so the question over the draw down confuses, why necessary? Have absolutely no trust with the BoD, and still more games to come. No mention in the RNS regarding the position over the other two, although in India I am sure that this was stated as being on the agenda. Well, hoping against hope that we do not get totally screwed, just when it appears that the Co. could be making headway A few possibilities here IMO and I think we will appoint ZAI as Nomad (they'll take on anybody who will have them).
Hopefully a New Nomad before the week ends.
Well today we're up 45%, that's a good start. Just get a new Nomad and we might see this out. 'hereandnow' - cheer up
Nice results, shame they are irrelevant.
Top of leader board now
Back to 4p
In profit , low m/c
Re-rate in progress
Results out
Hasn't closed red today!!!
TW's men seem to read it similar to me, though they haven't got a 'bag of crisps' in the game nor do I think Tapaas is anything to do with the Requisitioners : hxxp://www.share (no space) prophets (dot) com/views/18538/dq-entertainment-the-red-flags-pile-up-writing-wallthis-stinks
New RNS : very confusing and reads like more bad feeling over a non-disclosed deal 3 years ago. Looked at the fund raise in Mar 2013 and no mention of 'pledges' or 'Platinum'. Looks like Platinum - 'The Requisitioners' - are putting more pressure on the Board. The immediate thing is surely we need to be able to get a new Nomad still, but this looks like more financial pressure on Tapaas. New Nomad, EGM, new Board members try to get some agreement on the way forward and keep the Bondholders from pulling the rug. Noticed from 11 Jan RNS "It was agreed in the Standstill Agreement that, subject to DQE satisfying the Warrant Issue Condition, the Bondholder would not take any enforcement action in relation to the Advised Change of Control Event for a period of three months from the date of the Standstill Agreement in order for DQE to have the opportunity to remedy the Advised Change of Control Event." The Standstill Agreement was made on Dec 18th so the 3 months runs to Mar 18. If we could reverse the 'Change of Control event' by then think this means the Bondholders would give up their massive warrant issue(although not certain). We remain in chaos with the likelihood perhaps now increasing with today's announcement of no new Nomad being employable.
how can that be possible in eu???
They were never going to list on NASDAQ, it was just all part of the charade.
Isn't the whole end game relisting on NASDAQ anyway?! Which of course would be achieved by delisting from AIM. I am not naïve enough to think that the news today was good. Clearly Allenby have a problem completing DD on one of the 2 would be Directors. This could be for any number of reasons. I have found throughout the course of my work over the past 12 months that British banks will not give bank accounts to limited companies who have Irish citizens as founder Directors. This is of course a preposterous state of affairs - but to illustrate that perfectly sound people can fail DD for no good reason. It would be interesting to know the reasons for failing DD. I am hoping I suppose that the 51% shareholders do not want to see their investment reduced to nil. As an aside, Allenby have let companies down before. It isn't the first time and it won't be the last.
With a bit of timing one can sell a certain amount for 1.75p - but IMO it's worth holding to see developments. All the stuff in the RNS boiled down to Allenby have had a spat with Bod and everything else is warnings on what could happen if new Nomad not found. 51%ers not happy but they can't do anything at the moment until Nomad agrees an EGM. Bondholders fairly happy I'd have thought with their warrants and the account they wanted replenished replenished. Bod are having a Board meeting on Fri Feb 12th to accept and publish Indian subsidiary's Q3 results. Business as usual for them. Appoint a new Nomad and this should retrace IMO or..................it's over.
moving back up now to a slightly more realistic price