Member Info for addicknt

SM, ha, ha! Very good!

"share register"!!! Hooray!! The penny has finally dropped!!!

SM, it's black and white to most people, but not all.

Jeez! What the hell are you talking about? You've apparently spent 40 years being a world beating investor and yet you don't know the first thing about when announcements have to be made.

Q, yet again you are obfuscating and have refused to accept that your post was 100% wrong. Just re-read what you said at 8:37. And what the flying f**k has the cash box raise got to do with anything? It is of no relevance whatsoever to the current discussion.

Q, so you accept you were wrong? Of course the actions you mentioned require an announcement and this is simply not an issue open for debate...it's fact.
NM was NOT suggested anything is currently happening - it would be illegal to do so, but what he was doing was alerting his shareholders to what he obviously perceives to be a likely outcome and I'm 100% certain he wasn't referring to the prospect of further dilution.

Do you seriously believe the actions you mentioned don't require an RNS?

eh?

Q, interesting that you've deliberately missed out the most common definition of corporate action. I'm sure it was simply an oversight on your behalf.

Q, it seems unlikely that NM would want to flag- up a cash raise, especially as he identifies this issue as being one of the reasons for the depressed valuation.
Of course, we know one is due - in fact I'm surprised it hasn't already happened, but NM was trying to excite his shareholders and you don't do that by telling them that they're about to be diluted again.

One other thought: The most powerful NED on our board has openly told the world to expect corporate action; how do our other NEDs react?
In most circumstances a board would be very unhappy about this type of comment. However, given our languishing valuation, ours may be more than happy about the introduction of more speculation. Indeed, it may have been pre-agreed as part of a grander strategy.
All good stuff!

DBW, it should be said that he's not referring to anything which is concrete, merely that this is what he anticipates. In other words, he's not breaking any rules, but as I said, it exposes the conflict.
He did this because DGR is unloved and he needs to boost the sp, consequently I now place them firmly in the same camp as CGP i.e willing sellers.

This is very interesting, but it does seem to expose an interesting conflict of interest for Mather.
We have an NED on our board who, by virtue of his position on the board of a significant shareholder, has openly suggested the investor shareholders should expect corporate action in the investee company. Hmmm.
Not that I'm complaining, mind.

all 1 trade theorists tomorrow should be a bumper day for announcements!

Yup.

Bozi, I completely agree with your second paragraph. Mather himself described a similar sp as being "dangerous", and he was right. We are terribly exposed at the moment as I'm sure the board understands. They need to release some price enhancing news asap.

Not a chance. The BFS isn't due until the end of next year (which means it'll roll-over into 2024) They've then got to raise the readies, which will take a fair amount of time. Surely you don't expect them to have a mine up and running in 12 to 18 months? It's a complete fairy story.

Q, and you believe the company will have Alpala up and running by 2025 do you? Delusion on an epic scale.

Not true, Q. I've always maintained an open mind about timing, but I am convinced of the inevitability. Btw, talking of misleading comments, I can't think of a single occasion when you've said you'd accept two quid. This is yet another attempt by you to re-write your own history, viz your oft-repeated assertion that you've never said there wouldn't be a bid.
You seem to adopt this moral superiority in your posts, driven by the fact something hasn't happened yet and yet you seem incapable of grasping the self-evident truth that the past is absolutely no guide to the future.

They are the research arm of Clarksons shipbrokers. Clarksons, a UK firm, merged with Platou a few years ago and are the world's largest shipbroking firm. Coincidentally, I acted for Platou on another transaction before the merger.