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You can easily transfer millions on an app in seconds. Do it daily for the company I work for. Just requires a number of people to release.
The money, however, will be sat in a solicitors account awaiting sign off on the JV. Once that happens the funds will be transferred by the solicitor.
Over the last 12 months. Strong performance last few months.
Directors are permanent insiders so can't trade during closed periods or when they have insider information. And I'm sure they have a good idea how the current negotiations are going
Tickhillman, you're saying that Abicad has insider information and is using that to buy shares? Surely if, as you say, someone with insider information is buying huge amounts of shares that's a good thing...
And you go on to say it will eventually lead to a takeover. Surely a good thing? If at the right premium.
Shareholders will get a say, so not a done deal, the price would have to be right.
And looks like Chairman bought £19m of shares today. Add that to the c.£50m acquired in the first half of the year.
Breedon not on AIM anymore.
What we do know is Abicad has spend c.£52m on buying up shares so far this year. RNS is announcing intention for Abicad to buy more.
When other boards are full of posters getting very excited about a company they are invested in when a director spends £20k on buying shares, this surely is a major positive. Although it seems to be generally missed by the media so has gone virtually unnoticed.
You're concerned that the board has skin in the game? The opposite to this is normally a major concern to shareholders when directors have no or small holdings in the companies they run
Lets hope this is the fuse for TM1 to complete the Recyclus acquisition
You're missing debt. Overall in a net debt position.
Lets not forget the deferred tax and corp tax liabilities on the balance sheet
Latest rns delay now mentions possibility of legal action. With another delay seems the companies aren't as close as they should be. If communication was good then mast would be aware of the process for them to complete jv
Are we going to get conclusion of the JV today or another delay?
£16m balance sheet is pushing it. Large proportion of that is intangibles.
Golden resources - £5.1m
First Class - £1.6m
Kavanago - £0.4m
Cash - Probably £2.5m or less now
Total - £9.5m against £14.5m makt cap.
But agree that Tati, Athabasca, Molopo etc for £5m is not assigning any real value to these projects
The 1.4p final dividend needs to be adjusted for the 1 - 5 share consolidation. 1.4p final divi equates to 7p, plus the 4p interim gives 11p. At a current price of £3.54 thats a 3.1% yield.
Why would they need to raise equity? They have $50m in cash, dividends cost $20m each half year and they have raise corporate debt in the past.
Cash was flat in H1 2022, larger capex spend this year. Don't see what the panic is all about.
What's everyone betting on for tomorrow then? Will we see FY results or will the shares be suspended?
6 working days left for HARL to release them
Looks like 3-4 million shares been dumped. Odey held c.29million shares. Might not be finished. Depends how many they are trying to sell
Results surely due soon, trading update / outlook will be more interesting, but last years results were out 23rd May.
Expectation was that JV would be completed by mid-June. Let's see what happens next week