Member Info for addicknt

Thanks, Jerry - interesting.

Q, the problem with your argument about the "diverse book" is that you believe it's immutable. That somehow positions don't shift and people are not swayed by money.
There's not a single public company anywhere that doesn't have a "diverse book" - it's the very definition of being public. Some of them are more vulnerable than others, but all are susceptible to takeovers. How else does company ownership ever change? Aside from fund raising, what else do corporate financiers do?
Your reliance on the diverse book as the argument for why a takeover won't happen is fundamentally flawed - everyone's a seller if the price is right. (please don't fall back on your suggestion the price will never be right)
Where the nature of our shareholder register is a real asset is when we get to a negotiation - it's the perfect bargaining tool. But it will never stop such a negotiation.
Btw, NCM's position will shift with the sand.

The only thing we really knew about NCM under Biswas was that they objected to our use of royalty funding - a battle they lost.
There were conflicting messages with regard to the continued holding of our shares, and despite his announcement that they would continue to do so, there had been speculation in the media that they could be sellers - a view Jerry, who has a much better understanding of them than most of us, believed to be the case.
They have an important and strategic holding and are also probably the only institution who are either in the money, or are only marginally underwater.
So, the question is; are we of strategic importance to them, or are we a distraction? What we do know is that they couldn't take this on their own - they'd require a partner. So will they team up with BHP, or will they sell to the highest bidder?
Yet another twist in this intriguing battle.

This is why referred to Morningstar this morning. The info is all there.

Q, have you ever held shares in a fund? If so, were you able to buy and sell individual shares within that fund?
The whole point of a fund is that you hand over all responsibility to the fund managers.

Q, I was referring to the various shareholding tables, not anything else.

One of the newspapers notes that PIRC is advising shareholders to vote against some of the AGM Resolutions. It's unclear as to which ones - perhaps the same as Norges. The PIRC web site is not working so I couldn't find further details.
It's also worth having a look at the latest Morning Star shareholder list (end Nov). It makes for interesting reading.

Q, most of that cash will go on employment and associated costs. Of course a certain amount will be spent on advancing the technical aspects of the project, but that 50m isn't going to get us far.

covgaz, I wasn't telling him to f off, it was a genuine question.
If I find myself invested in something which has failed to live up to my expectations or is in danger of failing completely, I cut my losses and sell, which is what all sensible investors should do. It's painful experience but I can't think of many circumstances where I've come to regret it.
I have shared the same frustration as you, and were we going into this agm with the DC at the helm and with a repetition of the same tired old mantra of taking this to production, I would be voting against the board or, I would be selling. But we are not. Life has changed completely and a new direction of travel is being prepared and it strikes me as odd that some people can't see that. Yes, there have been endless mistakes - and I've been very critical of them, in fact far more than most, but I now have more confidence than I've had for a long time...particularly as we nearly $100m in the bank.
The "we're going to production" days are gone and we're looking at a very different world - surely that must give you and Orthern some renewed confidence?

Othern, you complain about people saying the same thing each day, the same accusation could be leveled at you. I really don't understand why you don't sell.

DBW, the record date was 17th Dec, so the answer is no.

Gino, that's a fair point, but given yesterday's note from the company, I think we can draw our own conclusions, particularly when you take into account their previous voting patterns.

think about it there was no real reason to announce the SR. Each of the areas outlined are all within the scope of the normal course of business - particularly for a junior explorer. We'd expect them to be looking at financing and the possibility of a jv. The stuff about developing the mining plan is not part of the review and has been happening for a long time. So why bother making it public?
There's only one answer: The Board wanted to advertise the fact we're under new management and that the status quo is dead. In effect the announcement was a giant advertisement to the wider market - "we're here to do a deal. Please contact Citi or Maxit for further details". It's impossible to see this any other way.
DC didn't agree with this, hence his departure. BHP/NCM don't agree with this, hence their intention to disrupt the board at the AGM.
This time last year I was of the opinion (as were many others) that 2022 would be a year of significant change. Well, in some ways it has been - albeit the change has happened all at once at the year end and perhaps not in the way we envisaged. Provided we win the AGM, 2023 without doubt, will seal our fate.
Sorry, Friday ramblings.

Just goes to show what a tight-run thing the AGM will be. There's an awful lot at stake here.

ET, send your instruction via the private message function and make sure you ask for confirmation that they've followed your wishes.

Thanks chaps. I'll get there in the end!

Q, am I right to think there's a difference between an A trade and an A trade with algo listed beside it? Presumably the former is not an algo trade? I'm also guessing private investor trades don't get listed as algo trades?
As you can tell, I have limited knowledge about the actual process of trading.

Q, to be honest I was surprised you didn't know about the FCA page. In the same way as it's best to go the definitive source for info on trades i.e the Stock Exchange, it's best to use the FCA for short positions as they are the depository of regulatory reporting.

Bubble, virtually all of today's trades have been algo transactions. Hardly any O trades. I wish I understood what this really means! And by that, I don't mean speculation, but it would be good to know who's behind them.

The outcome of the AGM is finely balanced and will depend entirely on how private investors vote. Perhaps we should send a note to Twigger saying we will support the management provided they come clean and promise to sell the business. No more fecking around with opaque announcements - just a clear and unambiguous statement.