Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Looking at this thread 23rd May 2022 .
"On checking accounts never held ( D )" That remark was wrong......... "just the one purchase in ISA 9/10/2018 @ 41.88p."
Now think must of sold out ( D ) and bought back later in SVS ISA , two months after .
Just seen this was in fact the first share I purchased on ( D ) at 57p on 22nd June 2015.
14 trades showing on ( D ) to 2nd August 2018. ( when I must of been all out there )
Highest sell ( D ) 20th July 2015 @ 80p ( a small amount ,must of been all of ones left before buying back, trading and then selling out August 2018 )
The lows were around March 2020 ( Covid ) @ 20p ( must of been time of arguing the toss with Krypes )
Paid out today ( W both )
ChartStill up on ( D ) high was 58.3p through 28th and 30th May 2022.
54p bid best seen on trade history on here 15/6/22 .
Not as good as the offer at 55p ( the 57p on 2/6/22 might of been better spared ?? )
This has now gone through and shares delisted on 20/6/22
(Alliance News) - Tungsten Corp PLC on Friday said it has been bought by Kofax Parent Ltd and its shares have been temporarily suspended from trading on AIM.
Back in May, Kofax agreed to buy the London-based electronic invoicing company Tungsten at a price of 55 pence per share.
Kofax already holds 23.0 million Tungsten shares and will buy a further 105.3 million under the agreement. The total amount to be paid to shareholders is around GBP57.9 million.
On Wednesday, the High Court of Justice in England and Wales made an order sanctioning the acquisition and consequently Tungsten shares have been suspended from trading on AIM.
Kofax will acquire Tungsten via its wholly-owned indirect subsidiary Project California Bidco Ltd.
Tungsten expects to start trading again on Monday.
Shares in Tungsten were last quoted at 54.60p each in London.
Closed 57p 1st June 2022 , last day before four day Queens jubilee break .
On checking accounts never held ( D ) just the one purchase in ISA 9/10/2018 @ 41.88p.
Which shows a profit of 34% ( only a 100% deal size )
A transfer in from SVS to normal acc 9th July 2021 , a gain in value of 50% since to date .
Value equal to a 528% deal size.
Perero with 48p Kofax now at 55p which most probably moves my shares into profit ( A note copied from ii onto barc from March 2019 referring to the price being 55p then ) All in ISA now says a note from 26/3/19.
Last looked at this share 24th March 2021 . ( not sure why must of been thinking of topping up )
This the one were I was continually ****ged off by Winnifrith and his crew for owning lol
17 mill,just there?
Sadly, I will lose on my (relatively) small amount of shares. I have already written this off.
Finally a cash offer at 48p. Happy days.
As the price is well above the bid + indicative bid
Well that's nice to see logging on. Downside seems to have minimal risk from here, two serious parties at a minimum of 42p, some volume going through at 46p in the first 45 minutes seems to suggest some are happy to move on but someone must be buying and one would hope there is another 20% upside in the price. So that's my position - hold for the possibility of a bidding war.
spotmark.
Us SI's ALWAYS get screwed!!!
I was part of a group in a training session many years ago when we were asked, by Prof Walter Reed of the LBS, what was uppermost in a company director's mind. After we had all come up with the usual commercial twaddle he said "Gentlemen- you disappoint me!! The answer is himself"!!
Some decades later I see nothing to justify me saying he was wrong.
My simplistic prediction
No more extensions
Reason:
Directors are holding out
Purchases want it done today
Purchasers haven't already walked away
Purchasers raised offer from 40 to 42p previously; therefore I think it can only more than 42
That said, I don't have enough confidence to have bought anymore, and my intuition says I'm going to get screwed either way.
Just under 2.5 hours before they must make an announcement. As the last extension announcement came via a 07.00
RNS could be a final decision is imminent. The Directors may think the company is worth more than 40p but the prospective
buyer is in the driving seat.
This from 8th Feb:
"Whilst the Board believes that the price of 40 pence per share significantly undervalues the Company discussions between the parties remain ongoing and, in accordance with Rule 2.6(c) of the Code, the Company has requested, and the Panel on Takeovers and Mergers (the "Takeover Panel") has consented to, an extension to the deadline by which Kofax is required either to announce a firm intention to make an offer for Tungsten in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. Such announcement must now be made by not later than 5.00pm on 22 February 2022. This deadline can be extended by the Board of Tungsten, with the consent of the Takeover Panel.
There can be no certainty that a firm offer will be made nor as to the terms of any such offer. A further announcement will be made in due course."
According to this the next deadline is a week today. Does anyone know further?
Still frustrated. I lost money here before, now it seems to have got its act together and have real prospects.
For example this news from the company website that they didn't seem to think was worth an RNS (!!):
"London, 5 January 2022: Tungsten Corporation plc, a leading provider of digital financial management and software solutions is collaborating with Amazon Business to deliver global e-invoicing in Europe and the U.S.A.
Amazon Business is an online store and procurement solution that helps millions of customers worldwide—from small businesses, schools, hospitals, non-profit organisations, and government agencies, to large enterprises with global operations—reshape their procurement with cost and time savings, greater productivity, and insightful purchasing analytics. This integration will allow Amazon Business customers to automate invoice processing via the Tungsten e-invoicing network."
.......takeover fever subsiding???
he already holds a lot of the stock he said he would buy further, he wants the current deal on the table to go through.
Interesting to see Michael Spencer, former director, buy 1.53%. I think he controls Demica, a supply chain finance co.
May the bidding begin...
Frustrating. It seemed like at last they had got their act together. Really think it’s worth more than this.
i didnt realise it was that high, but to me the fact that this investor who already has a lot of money after all he used to own icap wants to sell up says it all.