Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If CF is buying up all the shares because the true bid is much higher, it would not surprise me.
He was not a doorman for nothing .... he must have learnt a lot from those days ....
I think I have learned a lesson. Don't put your faith in financiers! Fox at HMV, CF, Williams at Avanti all financiers and all liars.
Tony Gilby at Tlou is a petrol and gas expert .... so fingers crossed he is as honest as I believe he is.
I was also wondering about that, this is what bugs me loads I still think there is a twist in the tail here but slim chance I think. God knows we need some luck in our favour.
Fact remains it's not just AA buying up all the shares.
That is what I'm hoping LTV and if you want as I do to be optimistic that is what I hope from the Qatari's but can AAL not offer a similar sweetener to gain support ???
If there is any skullduggery going on it's in that kind of form it may take that worries me ???
ffc
Polygon increasing their holding from 50-odd million shares to 306M shares is not an accident. That's a lot of votes. Why?
___
I must admit that's quite intriguing. Even if they didn't expect any upside they are certainly confident enough that they wouldn't get in return any less than 5.5p (or whatever they paid). It makes one think.
KOH
FFC
Some II's, as has been mentioned, will be so big and so diversified that they may not care one way or the other. But I don't think you can treat them all the same, as a block.
The Qatari's seem to be very engaged with this project and, by association, with the current BOD. They have supported the bond raise, the equity raise and, most recently, have entered into a supply and distribution agreement. This shows a level of engagement beyond a simple passive investment. They might care more than Norges as to the outcome. They have 230M shares.
Polygon increasing their holding from 50-odd million shares to 306M shares is not an accident. That's a lot of votes. Why?
LTV
I can't fathom out how the IIs would vote especially having read one of the posts on sharesoc re what this means to each of them???
they certainly don't feel that Norg will be bothered either way but I may have misread that ?
ffc
I'm convinced there is strong PI support to raise a significant chunk of the required $600M,
But what about the II's.?
Will the Qataris who have $100,000,000 worth of 2023 convertible bonds as well as 230,000,000 shares (and haven't sold one) as well as the recent Muntajat (Qatari) 2mta supply and distribution agreement be supporting a strategy that retains control of the company in current hands.....
And what about Polygon. What are they up to. they have in the last ten days or so reduced their short position and bond position entirely and have increased their long position from a net long position of 57,000,000 share to 306,000,000 shares. Why accumulate so many more shares if you think AAL will be taking them all for 5.5p. Maybe they're hoping for a plan B that staves off the sale?
Maybe there's light at the end of the 37km tunnel.
Next week should be interesting. If/when AAL break cover, we should be all over the BOD with a pitch to raise the funds. I hope Polygon and the Qatari's are doing the same.