Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I reckon they're in on it to, trying to add a little extra drama. There's no way they can share certain concerns in the past few years considering they literally picked the stock up a month or two back from ehgos.
The loss was from gas trading which has stopped. With production starting back up and news on the Italian asset next month could be interesting.
Well that explains the sp surge lately
I wouldn't be surprised if lsai get involved, weren't they a industry leader in Bluetooth tech during the proxama days?
Nice to see wincanton are still intrested
81%+ held by pi's and it's here today. Hopefully we'll get more contracts in the short term or some transparency at least the trading update seemed quite upbeat. I wonder if the BOD will get some shares once they've finalised all the contracts they're discussing. I guess we'll have to see, what a dire day.
They are only reducing the nominal value of the shares, they will have the same value as existing shares. Much like when the nominal value is increased there is no change in price or value. This is if it is accepted at a GM, also this will be up to the current shareholders.
"A condition of the Financing and Settlement Agreement is that the Company reduces the nominal value of its existing ordinary shares. To achieve this, a resolution will be proposed at the GM which will, if passed, have the effect of reducing the nominal value of each ordinary share from GBP0.0025 to GBP0.00001 by subdividing each ordinary share into one new ordinary share of GBP0.00001 ("New Ordinary Share") and one C deferred share of GBP0.0249 ("Deferred Share"). A further resolution is required to adopt new articles of association of the Company as the rights attaching to the Deferred Shares will be contained in the Company's articles of association ("New Articles").
The New Ordinary Shares will have attached to them all the rights of the existing ordinary shares and will therefore have the same value as the existing ordinary shares."
still got all my babies, looking forward to the story here, it's the quiet ones you gotta watch out for :)
scratch that its already going
look forward to the return
Wouldn't be surprised if this goes down tomorrow, joke network!
Its a nice presentation. I believe they have also attracted some iron ore contracts since they come up with the conditions of the rto, with more long term contracts and incoming lpg the comarco balance sheet won't look such a mess and the directors paying off the debts should have a nice clean slate to start as Agulhas Group.