Member Info for archways

No idea, but how do you check whether he is posting elsewhere? I wonder whether Per Ardua Ad Astra is still around.

It is true that we may hit 20p by next Friday but I think that it is unlikely.

If Eric sprout Asset Management ever have an open offer applicants will eagerly await news of their allotments.

Apart from Triple 8 Beverages and 888 Beverages all of the other Directorships are with Sirius and its subsidiaries. It was mentioned on this board before Anglo American acquired Sirius that the contracts of employment of Chris Fraser and Thomas Staley provided that in the event of Sirius being taken over by another company their employment with Sirius would be safeguarded for twelve months.
It will be interesting to see whether they are still employed by a member of the Anglo American Group after March 2021.

Interim results not due until 8th September, but unusual activity - 275,000 shares bought since late yesterday afternoon.

So Berenberg slashed its target price for Sirius from 35p to 17p but, talk about sitting on the fence, advised "wait until certainty is achieved before taking any action". We waited until certainty was achieved and got 5.5p.
Better advice would have been "sell" or "sell half now and see what happens".

It could be that an institution told a market maker that it was interested in buying say 1,000,000 shares at slightly below the current buying price, so the market maker approached GH to see whether he was prepared to sell that number of shares at slightly better than the current selling price. GH agreed, and the deal was done. Both the buyer and GH knew that they could not buy or sell that quantity in the market at that price, so both sides were content with the outcome.

I have just looked at the Companies House records again. The parent company is 888 Beverages Limited which distills, rectifies and blends spirits. Chris and his wife are the sole Directors. I cannot see who owns the share capital. Triple 8 Beverages is a wholly-owned subsidiary of 888 Beverages Limited, and it also distills, rectifies and blends spirits. Chris is the sole Director. Both companies were incorporated earlier this year.
I don't know why I thought in June that his wife was the sole owner of the parent company, or why I thought that Triple 8 Beverages was the parent company, but the facts as per the Companies House records are as now set out in the previous paragraph.

Vincent Vega re yours at 15.36.
If you scroll back to mine on 18th June you will see that he is still living in the Woodsmith area. In addition to his responsibilities at the crop nutrients division of Anglo American he is a Director of 888 Beverages Limited, a subsidiary of his wife's newly created company Triple 8 Beverages Limited.

Hi to Fred16. Pleased to see that you attended the GGP get-together a couple of weeks ago, and amused to see that you surprised the others - who were expecting a male!

Hi MDC1. Yes, I was a broker but I was only a dealer between 1986 and about the mid-90s, so it might have been that my past experience is now out of date.
I wonder whether we ever "met" over the phone while you were a market maker. We were Pope 572.

Hopefully Gold re yours at 15.04. You say that Normal Market Size is the minimum number of shares that a market maker is obliged to deal in. I would have expressed it as the maximum number of shares that the market maker is OBLIGED to deal in.
This is my understanding of the position (if someone thinks that I am wrong, please say so) - if someone wants to deal in a number of shares less than the NMS the market maker is obliged to deal in that number at the price he is quoting or better. If someone wants to deal in a greater number of shares than the NMS then the market maker can either accept the order, or quote a higher buying price and/or lower selling price for the whole of the order, or turn down the opportunity to deal. The market maker is not obliged to deal in a larger number of shares than the NMS.

I feel that much of the talk against JPM arises from the following:-
In May 2019 the Sirius Directors encouraged shareholders to support a rights issue and open offer at 15p per share.
If I remember correctly a few months later Sirius could only raise extra funds if warrants were attached to new shares. JPM advised the Sirius Directors not to accept those terms.
Early in 2020 Anglo American offered only 5.5p for each Sirius share, and the deal went through in March.
Who were acting for Anglo American? JPM.
Who were acting for Sirius? JPM.

New Crest can be seen as a potential buyer of Greatland.
Who acts for New Crest? JPM.
If JPM are chosen to act for Greatland a conflict of interest might arise in future, and if Sirius is anything to go by the larger company could benefit at the expense of the smaller company. Greatland shareholders might be disappointed with an offer from New Crest and no one else might make a counter offer. I am amongst those who would prefer that JPM are not appointed to act for Greatland.

Hi Gertfrobe.
I see from the Companies House records that TRIPLE 8 BEVERAGES LIMITED is a wholly owned subsidiary of 888 BEVERAGES LIMITED which was incorporated in January 2020. Jane Fraser of the same address as Christopher Neil Fraser owns all of the shares in the Holding Company, so Chris does not own any shares in TRIPLE 8 BEVERAGES LIMITED. It looks as though the law has changed since I retired many years ago and it is no longer necessary to state the objects of a company, so it is now impossible for Directors to do anything which can be classed as ultra vires.
Judging by your posts with Bellers it looks as though you might be interested in finding out which beverages are being made or marketed by the Frasers.

SoundofSilence - can you please check your figures for BHP, I think that one of them needs to be corrected.
Thank you.

Hi Floater.
A.J. Bell will accept execution-only deals but please check how much they charge if your son wants (a) a share certificate or (b) is happy for his shares to be held in their nominee account.

Jodoug.
If your cost was £50 and you sold for £100 your profit on cost was 100% or your profit on sale was 50%.
If you are only teaching your pupils that the answer is 50% they will probably get very confused when they grow up and go into business, and that could prove very costly!

The Chain.
It seems to me that if Newcrest want to buy Havieron they will not offer x pence per Greatland share.
They will make a cash offer for the 30% share that they currently do not control (plus the cash amount that they have not yet spent on the current phase of the joint venture). If the deal is accepted Greatland shareholders will continue to hold their existing shareholdings, and Greatland will own 100% of all the other sites plus the cash received for Havieron from Newcrest.

Hi Chrisatbirdies.
Thank you for your good wishes.
I hope that I am not speaking too soon but isn't it pleasant no longer being bored by ramper jonesrichard on Sirius (johhny evans on here) and deramper illbetabuck on Sirius (arnie or albert on here, if I remember correctly).
Good luck to you too.

Hi Coach777.
Thank you very much for your good wishes. I shall be relieved if I live to 87 never mind 102. I seem to be susceptible to contracting cancer, having had prostate about 10 years ago and both lung and liver 4 years ago, but none of them had spread from the others. Half a lung was removed so I have been careful not to be caught by Covid-19.
Thank you for your advice that I should avoid checking on this board each day, but I enjoy reading every single post and shall continue to do so!
If my wife hadn't been watching Countryfile one Sunday afternoon a few years ago I wouldn't have heard of Sirius, and if I hadn't read every post on the Sirius board I wouldn't have heard of Greatland. My loss on Sirius will be recouped when Greatland reach 19.64p, and I am very relaxed about the future of this investment. I didn't know much about gold mining so I enjoyed watching the video about block caving a few days ago - if I don't read all of the posts how can I learn from videos, Paddysat, Magic PhD etc? It becomes a hobby.

Hi to SpadesAspade, markjphennesseyg, Blantyreboy and Fred16.
Thank you very much for your responses to my post at 10.56. Apologies for the delay in replying, but I have been in the garden weeding on this lovely morning.
I don't post very often but I will make a point of posting on the 31st May each year so that you know that I am still alive and holding my Greatland shares. I hope that any takeover(s) in the meantime do not involve the whole of the company.