Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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28 days - unlikely it would take this long though to distribute the offer to shareholders.
Ugh 9p is very underwhelming. I just want my capital back out of this now.
Does anyone know how long this will take from here? I'd rather they unsuspended today and let me sell up for 8.5p. Garbage offer with absolutely no premium
Looks like another 4 weeks max
9p it is then
Anything above they would give would be a blessing
Yep it’s 9p folks
I very much doubt it! Unless another buyer comes along but I would have thought they would have been in by now if that is the case
Do we think that there will be any change to the 9p?
Talk about leaving it last minute!
Friday it is!
Tomorrow or Friday:)
Hopefully soon!
Looks like we are waiting until Friday then.
Latest
To be announced by Friday 22 July??
RNS now confirm in the official process that both parties aligned will make a bid
What do we make of the RNS ?
Thanks
Sorry mean 22/07 / July
Its written in the RNS, till Friday 22.06 - 5PM
When will this get sorted by? Sounds like it will be the 9p a share but any timeframe?
When it comes to a liquidity situation a companies first priority is towards the creditors, employees and pension fund. Shareholder value is basically outranked by the before mentioned, hence of course they would recommend accepting any offer that fixes the solvency issue, even a lowball one like 9p. Problem for them however is that in order to be accepted it has to pass a shareholder vote and given that over half the remaining approximately 56% is owned by one person, then that person holds the key to whether the offer is accepted or not. Lastly it's pretty much accepted practice that the nominee / broker collect clients voting wishes when voting on issues as significant as a takeover, at least with any reputable brokers it is the case.
Not sure what planet you're are from with those "north of 20p" but they clearly state what deal is for 9p:
"...The Joint Bidders are working as fast as possible to put forward the Possible Offer for the entire issued and to-be-issued share capital of Lamprell at a price of 9 pence per ordinary share which also includes a proposed secured bridging loan with a peak aggregate amount of USD 145 million..."
and this recommendation by BoD:
"...The Board has concluded that should a firm offer be made on the same financial terms as the Possible Offer it would be minded to recommend it to Lamprell shareholders..."
Topic starter very likely is just trolling with listing/delisting shenanigans and referencing gambling/luck
since bidders already do control 44%+ of votes and most brokers vote automatically with "yes" for whatever BoD is purposing, unless it goes either rejection scenario by shareholders or deal is pulled out by bidders since it's:
"...it has received a combined non-binding indicative all cash offer..." (non-binding bit)
in this case yes - there's a chance trading will never resume.
What does it matter if they relist or not? If the offer is approved by shareholders and you are a shareholder, then you get 9p for every share you have.
Only half of what I am reading here makes sense. If the share had not dropped so far I might too have sold, however I can't get it out of my head that I would regret selling for anything less than at half last years refinancing price. If a deal gets done by all parties meeting in the middle then we might even see something north of 20p. At then end of the day, if the offer does get rejected then we all go down together so all parties have to be willing to compromise.