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It could all be normal but why so many brand new to the board members with only 1-10 posts saying good luck and I’m out etc. I feel pointers to invest else where odd too. Especially at this time.
To me this is a blip and I am considering adding. The vote is close and you guarantee POG will be writing to us. Expect a letter through the post.
Could we have the balance of power? In terms of ownership. I recall one person on the board has 1.6 million shares and another with 535k shares now that’s 2.135 million from just two people. What do you think we are all combined. Even if we only hold 1% between us that will result in a 2% swing if we pick the right side. Clearly we need to pick the original board and probably add Peter Hambro back again for helping save us again.
Maybe a good time to buy and increase our holdings and vote. If we pick up £2,600.00 worth that’s 10,000 shares each. 10,000 shares that can’t be used against us but in favour of us.
Those who voted against the board this time, I take it you can now smell the coffee and will quickly reverse your decision to protect your position. In addition hopefully you will be able to breath a wow that was close in a few months time. All I do know is this will damage the share price for sometime and we will never know if we would have hit a lot higher in the long run.
Well IRC sale will be off the table during the uncertainty and the refinancing of this was an option.
Just think if it had passed to retain the original board and H1 was issued and dividend policy was discussed we could be at 40p by now. Instead we are below 26p which is so disappointing considering we were over 34p a few days ago and it was holding well above 30p.
CofE I think you have the right attitude here. Instead of all bickering, we all need to realise the high risk situation now. We can try to be proactive and form a small shareholder group with a common interest in blocking this new board and issue of any further shares beyond the CB.
There are approx. 30 percent of shareholdings not classified as major shareholders on the register. Somebody of which many could be small shareholders. How many shareholders are there on this forum and similar forums? Maybe we can create a small shareholder group acting with a common interest?
Although admittedly it will be difficult if not impossible to get anywhere near 30 percent. 5 or 10 percent might be able to swing the votes....
Although I have been here recently, i agree that there should be a shareholder group . To begin on this, a Telegram group would be a good start.
Or we could just say:
I’m voting for the original board. Copy and paste, add your handle and quantity and let’s see where we get to:
1, CofE - 535k
2,
Mdunsire: 680k
Willing to double this if we accumulate a sizeable hand.
Coe_ we should all quote how much more we would also be willing to buy if we are going to manage to block.
Can,t cut and paste list. I’m in 600k
Thanks Rusty good to hear from you...I think we communicated on the RI back in 2013? Hope youre well
Looks like I am a cheapskate but if this gathers momentum I am willing to load upma few more
As for now my measly holding 20k
I admire your analysis and thanks - do you have any evidence to confirm the additional shares are for the sole/major purpose of meeting the demand arising from any bond conversion or is it your judgement/guess?
Why people are holding onto POG now there is a big boardroom bust-up and the shares are already trading at a PE of 30? Where is the potential gain? I'm out but I'm interested to hear why others may be sticking with it.
Not a problem GeOrge 123 all the best
mdunsire, I admire your endeavours, unfortunately, on here we are all faceless individuals. People could be giving any amount.
I personally think the power of UGC has been over-stated. They won the vote through inertia. Because people even financial institutions did not bother to vote. You can bet your bottom dollar the company will be canvassing these people and remember , one of UGC,S Supporters has already bailed out.
If we vote for the old board, it will be an easy win. All my own opinion.
I support the old board
2.26m shares
If we vote for the old board, it will be an easy win. ..''
We dont need any of thattalk...
Holders will just sit back and not bother to vote.. thats my thought on why opinion polls always get it wrong the laziness of voters! IMHO!
WE NEED EVERY VOTE OR WE WILL LOSE THE COMPANY!
No one must be allowed to take our win for granted it def is not!
Hats off to LTHs for your faith in millions
As a new starter a measly 50k shares - for the old board.
"Why people are holding onto POG now there is a big boardroom bust-up and the shares are already trading at a PE of 30?"
An alternative view of the "boardroom bust-up" is that it is an exercise in shareholder power. In recent years shareholders interests have been very much secondary to those of the creditors. This looked set to continue with the inclusion of resolution 20 - a rights issue to clear the 2022 bonds - ahead of schedule for some inexplicable reason. This is an opportunity to "re-educate" the BoD.
As for the PE of 30, the 2019 books were cooked by the inclusion of a large impairment reversal. the true PE is nearer 10. Last years numbers were also impacted by the fulfilment of low priced hedges. The numbers should be much better this year.
anyone see the bank of america interview on cnbc ? They think gold will hit 3000$ next year. Well worth watching, you can go to youtube and search Gold CNBC.
And here's me worrying about my 15,000 shares :)
good luck to tuscan I am sure he has worked hard for it and let's not put an evil eye on the guy lol
I obviously support the old board 1.613K
Sorry 1.613m
My few shares are in a UK ISA. with Barclays. I have voted on previous other shares in my ISA by contacting Barclays. It was an easy process. I think that I had to look on my ISA to see if there had been any communication from the company on my ISA. I think that nearer the vote time then contact the manager of you ISA or what ever account that your shares are held in.