Member Info for BilboMultiBaggin

. The New Articles contain a drag along right, pursuant to which Shareholders selling more than 50% of the Company’s voting share capital will be able to require that the other Shareholders sell their shares in the Company to the proposed buyer(s) on the same terms.

This is the only good bit of news I can spot.... but then again we don’t know what odeys intentions are?

I suppose a lot of it will depend on who makes us the offer...
If Odey were to make us the offer and keep the 16% for themselves. They would low ball us
But.
If the offer comes from spmp, surely odey would hold out for-all they can get.

My guess is that we will be given Spmp share if/when they list... as there is not any money to make us an offer

No Dave I very much doubt it.

Exstatex we’ve been through all this before with you. Yes I agree with you about lenigas and Donald strang. Being nothing more than pump merchants
And even though you are entitled to your opinion, the fact remains, you were happily ramping DOR a while back (another lenigas penny share)which is no longer listed on any U.K. market. Whilst slating DL here..
The big seller after the RTO ???try DL/DS making off with there swag.
Yes at the time like you I was disappointed with the RTO deal DL and DS negotiated on our behalf’s, as we effectively paid 120% for 100% of the company at an extremely inflated price, and I wasn’t shy about being vocal about it at the time. but what done is done.
However, although it’s not been reflected in the sp , Oct has come along way since then and continued to prove its value
And even though after 5-6 years here I’m still down on my investment, I have manage to get my average down to 2p and have money ready to buy again if we start to drift on no news and the spread ever tightens
Regarding divis, and what DL said.... he says a lot of stuff... why do you think he was booted off all U.K. markets... I think he’s ramping som new co in Sweden or Austria nowadays (you better go and warn them)
Will I be disappointed if we don’t see a divi this year?
No because there a lot going on in the world right now COVID, Brexit, trump election, riots in HK to name a few . would it not look silly to pay dividends now and later on start asking for handouts if things were to start to get tough for Oct , no harm in being cautious at times like these
IMO I would have thought Mr Gunn would want to pay them as often as possible simply because he get 50% of the pot..
Do I think they will take this private?
They would be silly to mistreat investors if they are planning to invest for others as a company ..so No I don’t

Who know’s ...
With no divi this year, there will be even more money sitting in the bank.
That might even be enough push our market cap up a tad :-)

end=rns

Although the end say they were hoping to publish end of Oct.... they are not breaking any rules for missing October deadline

I thought they were granted an extension for 3months to file accounts ... 31st December is deadline?

I would find that hard to believe simply because the only reason they have an option to delay the report is the fact that LSE have given companies a bit of leniency due to Covid... other wise it’s their legal obligation regardless if news is on the horizon or not.

It’s just the attitude of the bod here that I find annoying ,
Unless they furloughed themselves and we’re legally unable to work and do the interim report, there should no excuses whatsoever.
It the only thing they’ve had to do for the last 6 months, other than pay themselves of course, and I bet they were not late when it came to that.

21st Dec 2017 rns
The 12 th January tr1 I think is saying they got 12% of the company more than there entitlement
At 10p in today's money

TDT,
I see the confusion now sorry
Odey's first buy was 0.120... But there was a fund raiser where we could buy loads more shares than we owned I think it was 2.5xs the amount we owned @0.001
Which meant Odey's average would have gone from 0.120 - 0.040
That's why I had them at 0.04, but RNS may say different
But they managed to buy more than their entitlement

They also got a load at 0.1 when we consolidated 10p....
I got lucky Like them and was able to buy more than my entitlement
My average after consolidation went from .41 down to 24p After consolidation.

Rumours of a buyout, now zaks charting.... seems like the all too familiar makings of an orchestrated pump and dump to me.....
By the way I have Odets average around 30-35p, they first took share @ 0.40 which would be 40p in todays monies .

In all fairness to the bod at the time.. the first £70m raised for the roasting facility did not include the gold circuit... thus extra time and money was needed...

Now there’s a surprise!
How do these people survive in the real world?
I’m just off to the toilet..... Oooops to late.

Yes your probably right again.... is that the reason you spend all day, every day on this site trying to justify it to yourself? When I spend all my money on something I shouldn’t have . I tell others How pleased I am whilst trying to convince myself

And there was me thinking .... although LK is still on the pay roll, he left the building week’s back , but you are right.. he doesn’t seem to stand still very long ... when the going get tough and all that... nice work if you can get it I suppose.

I’m not so sure... theses bots seem to be far more accurate than the zero risk brigade that constantly speak about pink fluffy unicorns