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https://www.ippr.org/blog/who-owns-a-company

"Critically, both in British law and theory shareholders are not ‘owners’ of the company they have shares in, and lack many of the rights and powers typically derived from ownership. In 1948, the Court of Appeal ruled that “shareholders are not, in the eyes of the law, part owners of the company”. The House of Lords strongly reaffirmed that ruling in 2003, a judgement the EU’s recent Shareholder Directive echoed. "

Wrong, simples.

https://www.ft.com/content/7bd1b20a-879b-11e5-90de-f44762bf9896

"Shareholders think they own the company — they are wrong
So whose is the business? No one’s, just like the river Thames"

Strange..but true :)

Under UK law, shareholders do not own a company. So no "de facto".

Starts today.

Good job Ja51, cracked the mirage right open. Old it is.

"It's possible that the deal could involve a reverse takeover of a company that is already listed, "

..with what ? A bag of beans? Parallel universe?

Amazing how old naive cheerleaders still seem to rule the roost..

Last Monday.

The recent collapse in the oil price will only exacerbate the situation..not good. Plus tumbling iron ore price, a tenuous 'hold' at the moment for Zioc.

Those of you who watch "Parks and Recreation" will understand when I say "you've been jammed".

Break from what???

https://www.kitco.com/news/2018-11-28/Platinum-market-set-for-big-surpluses-in-2018-and-2019-WPIC.html

Platinum market set for big surpluses in 2018 and 2019 - WPIC
Reuters
Wednesday November 28, 2018

Surplus seen at 505,000 oz this year, 455,000 oz next year
* Fall in autocatalyst demand to slow next year
* Jewellery, industrial and investment demand to rise in 2019

Too easy to get distracted by the antics of the clown act and then perf the wrong well :)

Will does have a point though, MMs milking the bottom of the barrell. The good ship will turn, has to, the tankers keep moving. Plus the oil price trend will reverse soon, imo.

If it is booked yet, hmm..nothing would surprise..straight to Brockham and turn on the taps they said. End Jan is my suspicion.

https://www.businessinsider.com.au/iron-ore-price-collapse-china-steel-production-profits-2018-11

DAVID SCUTT
NOV 27, 2018

Iron ore is in free-fall

"Iron ore prices collapsed on Monday.
The benchmark price recorded is largest decline in over 189 months. For lower and higher grades, the fall was the largest on record.
Reports of steel mills offloading existing inventory, due in part to a collapse in profit margins, was cited as a catalyst behind the move."

** The continued silence from Zioc may also not bode well. Hopefully it will be a positive surprise. But nothing is guaranteed.

I would be far far more worried about the BMR BOD and their actions than the honesty of JM. JM has earned its respect in its niche of the market.

Birds of feather, flock together. Folk wisdom, clash of the counter rampers.

Every board has their degsey and rodders, its the law lol

I suspect there could well be delays pushing this into January. Usually is a smoldering fire when there is smoke. Patterns of the past tend to repeat, alas. We shall see.