Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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NM, if more than 75% of votes cast approve the Resolution the Directors have stated they will de-list from AIM. This does not change your ownership of the shares but means you will find it really difficult to sell or buy shares. Of course, the price of shares will collapse [even further] and as such your investment has gone. The BoD have offered a vague possibility of an exchange but it is hard to see who is going to want Magnolia Shares. In short, as I see most PI's are voting NO because they feel Rita and her cronies have betrayed the very people who stood beside her to fend off NTOG. I don't think many see much possibility of salvaging their capital but do not want to give the BoD an easy ride by way of delisting. It would be nice to think we find a friendly Bank, ditch the BoD and all live happily ever-after... but I would not hold your breath!
the 75% is that it - you've lost your money? If they do not get 75% will they have to think again. What I'm trying to understand is, is there anyway of not losing our money with this one. Atb, Northern
I agree there must be more to this than meets the eye. The BoD have small holdings and it is not obvious WED would be rushing to support. The overwhelming PI sentiment has been negative and even with voter apathy getting over 75% of votes cast to Approve is a very big hurdle. Rita may well be lots of things but dopey is not one them so I watch with interest.
Well I still don’t see any quantity of block buys indicating bod and family member buys to win the 75% vote - so this share is either taking everyone down - or there is a plan B to remain with a capital injection, package or takeover from somewhere - tick tick tick tock
share. Do we just have to say yes to the one resolution and our shares are in effect scrapped and we lose our money or is there another option? One thing I am struggling to understand is why people are still apparently buying the share - doesn't make sense to me and that is what has prompted me to ask the question. Atb, Northern
Where are they today? Not that I miss them for a minute lol Think admin really did have a bit of cull yesterday, although I see there is a new name going for it over on Farn!! I'm sure they'll be back
100k, 50k round figure amounts have to be vote grabbing, albeit not many... Surely nobody is actually speculating here?? I notice even the ramp crew aren't around....must be bad lol
No thanks!
Just over 9k worth of buys so less than 3% of current mkt cap - so they’ll need a good few more if so
to be those wanting a 'yes' vote just gathering shares, anything else would be nuts ! 53% SPREAD !!
can you actually get a quote to sell? Took me nearly a week to fill a sell order last time I was in this.
I might show interest if it was 300% and be close to my return. Possibly Monday down 50% no idea where This magp share is going
Morning all It looks like someone thinks there is value in Magnolia some large buys going in , can the BOD purchase at this time ? or is there a collection agent for them? Speculative long term holder or WED accumulating more.
No
MAGP SP up 37.5%
four trades so far and all 'buys'. A little bit of confidence being shown.
They sent it automatically
Dogger ,Did you request it from halifax or was it sent out automatically . Regards
No
Good question Smidsy hope they can count , I suspect BOD and friends will be snapping up shares to help get 75% of the vote.
Who'es counting the votes?
4th but meeting is in U.S my email to HL must have given them a shake their new method of voting is good log on to your account go to sipp or usa where your maggi shares are held and click on the corporate button next to the trade button then press the for or against button on the following screen that tells you about the motion SIMPLES GLA
could help big time by taking a paycut ffs! How the feck does she get away with her huge salary in a tinpot outfit like Magp.
When is last day of voting please?
Just voted with HL, another 50000 no votes. gla