Member Info for antelope

Quote "Unless a Microsoft buy out is rumoured again"

It doesn't matter whether it's MS, amazon, venafi, softbank, cisco, or anyone else... and there's an ocean of potential suitors... DA will be sold and it could happen at any moment. Rumour or no rumour. 30p is cheap.

Keith's last sentence.... the economics just keep getting better and better. Especially given rising Li and tin prices.

https://twitter.com/CzechLithium/status/1394822638413832192?s=20

https://twitter.com/globallithium/status/1394670180966490114?s=20

Then I fully support him.

You're right. And the size of trades seems to be getting larger too. Nearly all on Tradegate though. Nowhere else.

They did remove their ability to do a placing. And that remains the case until June, if they win the vote.

I have no doubt that Tern need to have the ability to raise money, and sometimes to be able to do so quickly. But if it happens, then it should happen at a fair share price. Historically, that's not been the case, which is why so many people are wound up. I would vote in favour if the motion included a proviso for a minimum share price.

I also cant help but think it's time to sell an asset rather than fund raise. But I'm saying that whilst not knowing what's happening behind the scenes. It could be that another 3 to 6 months ownership of DA (or any of them) could mean a difference of hundreds of millions. Imagine we let DA go now and it emerges as a key player in Biden's activities.

So yes, we're right to be cheesed off. But remember that this motion is not for a placing, it's for the right to conduct one. And remember also that we're nearing the end game, and none of us are well informed enough to be truly confident of our opinions. To a good degree, as usual, we need to trust the Board.

It could manifest in a number of different ways. We'd have to see how it would work and what it would involve before accepting or declining such action. There are arguments both for and against, no doubt all convincing.

Yes I have a lot of sympathy with this perspective. We have enough on our plate.

So you're suggesting EMH, not Geomet, buys znwd? Would this affect the power balance in Geomet with CEZ if certain operations then combined?

I'm not disputing wat you say but what about this point that a rise in NAV would need to be declared to HMRC and tax paid on it?

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jholder, AIM's mickey mouse day trader gang are jumping ship. It'll bottom as long term holders pick up the bargains.

sigh. The board have asked for ability to raise funds. It's an investment company. Wouldn't be much of one without funds to invest. They have not 'threatened another placing'. Ffs.

Regardless of what sentiment is, Tern will eventually exit from one of its investees. At that point, the share price will jump to whatever sum of money was made from that exit and then sits as cash in the bank, and subsequent further growth investments. So, if you look into the investees and consider what they might be worth, rather than chat board rankings, then you get an idea of whether or not it will multibag. And the answer, in my opinion, is a resounding yes. The cash is coming regardless of whether chat board chatterers realise it or not.
As regards your comment on scaling up, the problem with this - and we all face it - is that an exit could come at any time and the re-rate would be instant.

Tern are incubating startups. It's an investment vehicle. That's what they do. Funding requirements are unpredictable. That's unavoidable. I hope and suspect that most of our investees are self funding now. But can't be certain. And if indeed it is intended to IPO DA or FVR, that costs a lot of money. Tern itself is effectively a startup. It'll move on from that once tis first sale occurs, at which point it'll have a load of cash in the bank and everything becomes more flexible. In the meantime, I have no problem with necessary, modest and well deployed cash raises. We wouldn't be on the path we are without them. It was placings at such unjustifiably low share prices that I objected to. In fact because Tern needs to raise cash via placings is evidence that we're in at the start here, of what could be a great ride.

OK so allow someone else to fund whichever investee needs cash and see Tern's percentage holding reduced. That could cost you more than what would be a relatively small dilution - a maximum of 15%.

I rememebr it coming up on advfn literally years ago. I don't think it's a threat as such. I seem to remember it differs in some key ways (no pun intended). But tbh, it doesn't matter. The IoT space is so vast that we'd be cuckoo if we thought that DA could own the whole thing. There's plenty to around even if the two products do compete.

barnakle, why not try the telegram group?

For the record, the market's plenty big enough for several players. I wouldn't worry. And I suspect KS has the lead for some reason.