Member Info for Batterseafish

Best to type Simon T into search on IC web site and then articles appear

Results out. A mixed bag IMHO but ok I guess.

Let’s see if a buy out offer emerges. If we assume that the investments will ultimately come good then surely the listing cost is small change in the long term? So talking about a delisting could persuade some to take cash now as opposed to having an unlisted investment. Unlisted means a virtual lock in as although the shares could be traded on the OTC (where it’s matched bargain trading only) it would be difficult to buy and sell shares.

If prospered delisting without an offer be prepared for a fight.

If the majority of shareholders do support de-listing, the minority have few options. The Listing Rules contemplate that the UKLA may refuse to cancel a listing if the correct procedures are not followed, but they do not prescribe for the UKLA any role in assessing the merits of the proposal or in protecting the interests of any particular group of shareholders. It is known, however, that in some circumstances the FSA, in its capacity as financial services regulator, may not allow a company to de-list its shares where it considers that the minority are being treated unfairly.

Future change to the Listing Rules

In its consultation paper, 'Reviewing the Listing Regime', published on 8 October 2003 (after the LSE's consultation on Rule 39 had closed), the FSA stated that some time in the summer of next year it intends to introduce a new rule which will require a company proposing to cancel its listing on the Official List to obtain the consent of its shareholders. Details of the exact rule changes have not yet been published.

“If the majority of shareholders do support de-listing, the minority have few options. The Listing Rules contemplate that the UKLA may refuse to cancel a listing if the correct procedures are not followed, but they do not prescribe for the UKLA any role in assessing the merits of the proposal or in protecting the interests of any particular group of shareholders. It is known, however, that in some circumstances the FSA, in its capacity as financial services regulator, may not allow a company to de-list its shares where it considers that the minority are being treated unfairly.

Future change to the Listing Rules

In its consultation paper, 'Reviewing the Listing Regime', published on 8 October 2003 (after the LSE's consultation on Rule 39 had closed), the FSA stated that some time in the summer of next year it intends to introduce a new rule which will require a company proposing to cancel its listing on the Official List to obtain the consent of its shareholders. Details of the exact rule changes have not yet been published. “

Possible delisting is bad news.

The rest of the RNS Is surely just waffle we have had before?

Perhaps Crystal had advance warning and so they reduced? Could be ploy to get share price to drop and then will be low ball tender offer to tempt minorities?

But vog is gas so not sure of relevance of article about oil

Look at Allied Minds - at big discount to Nav - has been a shake out over last few weeks, exposure to unquoted Us tech.

Is this now on the turn? Looks like it but perhaps too early to tell.

A deal seems imminent

Anyone recall base camp? Seems to have fallen off a cliff since the heady days. Appalling results. As ever, jam tomorrow perhaps.

One of the most expensive lunches.........truffle pizza anyone?

Maybe reaction to interview with Martin published in weekend FT magazine?

Today’s RNS

How do you go from 0 to 19%? Whose on the other side?

Perhaps selling is from people dissatisfied with the RNS of 19th Nov. The decline seems to coincide with this. I wonder if the buyer:seller ratio going dramatically positive is indicative of a bottom now or is that wishful thinking?

The market is generally quiet in the run up to xmas and then New Year. Best to concentrate on enjoying the hols rather than the markets.

Not sure how you could lose all your money on this. There is no debt as far as I understand the situation. Major support at 29/30p. Should hold. Perhaps big seller finished now?

Great land gold is arguably much closer to resource extraction- over here we don’t know if we have a commercial deposit yet

Lol

I would not pay too much attention to price predictions here lol. In short, if the drill results are good this will go up but if bad they will Plumbet.

As to how long to hold on to a share.......that is very much more art than science, however if the company is performing well it often pays to never sell. That is where the biggest gains come from. Most PI’s myself included trade too often and miss out on the big rises.

There’s not necessarily any particular reason for daily moves