Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Its been banned in Germany, time to now ban it here. Get signing folks… https://submissions.epetitions.direct.gov.uk/petitions/62851/signature/new
Thanks...
No offence taken Stav. The offloading of his own shares is obviously very dodgy ground and I like you hope that doesnt happen. "If" that was to happen, the PI risk would be dependant on what he leaves behind, i.e if our shares still have value. I would be more worried about him rewriting the stock options to dilute us.
Thank you for your input . Sorry if I seemed to be having go at you . For a variety of reasons I don't trust them anymore . They said exactly same thing two years ago when they got on board. Nothing has happened other than selling our only asset and delisting . What Barsky didn't tell you was that he can offload part of his shares without others namely us being made same offer . What they don't want now is bad press or negative publicity hence the sweet talk . After two years you look at actions and not words . All this of course IMHO
Tomus, vlad said within 10 days they were going to give out info on signing up via the website. Apparently they will need to act like a public company if they want to list again in the US (whenever that may be) so need to be able to prove RNS style updates
I get where you are coming from Stav and they made no promises about anything, they just provided justfication for their decisions. I was not born yesterday and I get that they could try and do a runner but IMHO that will not be the case for the foreseeable. No one asked about the 10m Soko. They did not schmooze the audience, in fact Barsky came across as a raw talent who is not about social graces at all. He spoke very much as a businessman out to make money. Everyone will want a liquidity solution at some point including him and he made that clear. If the acqusitions have value then who knows maybe PE firms will be swooping round the PI's
BBB, how do we ensure we get regular updates via a newsletter? Do we have to register with them or something? Cheers.
If it is such an amazing deal and the prospects are so good then the price on JP Jenkins Come may will naturally reflect this and be higher than 1p after all we now have amazing deal plus extra $10m. Think not - Somehow I think JP Jenkins prices will be anything but high
They are not going to say anything else are they . Imagine if they had said something like "we privatized this to earn as much money as possible for ourselves and we don't give a damn for the private shareholders . Oh yes and as for relisitng in 2015 of course we can promise you this but it means nothing and if we get a good offer anytime soon we are off . Oh yes and it is a mere coincidence our delisitng and getting extra soko payment ." What about the $10m . No mention of this I presume . Of course there were lawyers there - paid for by matra and indirectly by us - to say it is all legitimate which legally it is . But it STINKS .
The debt figure was 15m USD @interest of 4%. Once acqusition completes they stated no initial plans for equity raising as wouldnt be required at first. They basically said speed is the most important thing so they can acquire assets before valuations creep up based on previous success stories, which is one of the problems with dragged out RTO's They also said that US exchanges tend to value oil and gas operators higher than in UK. 19.9$ per barrell EBITDA vs $11 per barrel in UK (may have got that wrong so dont quote me) I also could not say anything as hadnt brought required documents, doh
I'm done now in KFC so going to make my way home, so no net till then.
From what I got from the meeting, there growing so fast they would be breaking rules no matter what exchange it's on. 2015 is going to be the time it takes to make Matra into that oil company, and there going full steam ahead. I personally would of liked a smaller date re relisting but I guess there going to keep all informed via website.
Can someone in laymans terms tell me how it effects existing share holders, not that I hold a lot
I forgot, it was passed with a 99.1% in favour of the delist
Having took more than 2 hrs to get there cos the fking train signal fault I only caught the last 10 mins of the meeting. But basically it went well and everyone was happy by the end. I couldn't ask questions cos I didn't register, but never knew I had to. Ok, the general gist of it is........ Matra are growing to quick to keep within the boundaries of not just AIM, but other exchanges as well. The deal in Texas is massive and there looking at once most of the wells are open to get a loan of I think they said 50 million @ 4%. Although it could be 15 million, I didn't quite hear it right cos of the accent. There also aiming to get back on a exchange in 2015' although they don't know when in 2015. The meeting is going to be put on the site once they delist so you can see all the details on there. There also going to keep all shareholders informed via a news letter. That was all I got, but it looked like it was just answering questions from the 20 odd people who where there. Overall, it looks good. If you want out you can do so via Jenkins, who was there as well. And it pretty much is about how big there going to grow, and cos of that they had no choice but to delist, although they claim or there lawyers claim they are still within the rules, but meh, this way they have no restrictions. This is going to be Big no doubt about it. Sit tight and dream of a lavish lifestyle once they relist. Sorry I missed the start, and I'm not best pleased, but it looks like I missed nothing after chatting to a couple of guys after. Ok, I'm having a KFC now hmmmmmm
Resolution passed Delisted
Resolution passed Delisted
Yes of course no rules broken - but quand meme
"I cannot believe how aim or financial authorities can allow this to happen" Why not? AIM is only a market for trading shares after all. If a company doesn't abide by it's rules and regulations, as MATRA wont, it gets booted off of AIM. It's as simple as that. After all AIM's only recourse to punish a company that doesn't bide by it's rules and regulations is to de-list it. After all AIM is just a market for trading shares. With regard to the financial authorities MATRA haven't broken any UK company law. In fact it hasn't broken any UK laws so what can the financial authorities do? NOTHING!!
Barclays amongst others
Yeah ok just change broker WHO!!!
Are you going to the useless meeting today which is basically an excuse to legitimize the company being taken private and deny private share holders any opportunity to benefit from either the RTO or more importantly the recent $10m soko payout . If this was listed would easily have doubled on rentry . I cannot believe how aim or financial authorities can allow this to happen . But no one forced us to invest here .However we all assumed - wrongly as it has turned out -that management Would act with modicum of decency and not just look after their own interests . Ps you do all realize that their salaries and business and travel expenses are going to continue to be paid out of our money l.
Just change broker to one that will hold delisted Matra . End of conversation
You cannot transfer shares to us as we are not a private client broker. You will need a form from whichever broker you are transferring your stock too, but if you want them in certificated form your bank / broker will issue them to you. All enquiries relating to your shares should be handled by your bank / broker
I asked for them to issue me with a share cert as I read it on here yesterday Halifax was doing that, her reply was we dont issue share certs. They will still show on your account but with a zero value on them. Same happened to me with ABH but they went in to administration I believe, ABH are still on my portfolio. Dont understand why TD are giving conflicting info out at different times of the day!!!