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Trading4good... speculating and arguing again without a basis. I give in, the salary could be a "nominal" amount.... similar to the 9% "nominal" interest dmitry is charging on the 1m loan to the company.

If it looks like a duck and quacks like a duck, it's a freakin duck. Dmitry is now an employees and employees get paid.

I don't understand the constant arguments for the sake of it when they are blatantly wrong.

Robwet... For someone pushing 50, you don't half act like a teenage girl!!!

You really need to get a life and grow up.... pathetic!

Please can back up what you say and show everyone proof of your so called 20m share holding?

Ha. Another fantasist. Like I said, zero credibility and weird clinginess.

I think that argument is flawed. If the sp rerates to say £1 on announcement of the div. They will exercise and cash out with a 4 bagger.

Carlito, you seem to have a strange obsession. You can ask all you want but I will not disclose any personal information.

Why don't you share where you work and in what capacity so everyone can judge the credibility of your views, which to be honest is pretty low.

The point is it's not a state or military secret. No one will be prosecuted for breach and it would be almost impossible to prove. I mean how many time have we seen oil co sp react to drill results before release.

A simple statement that bids were rejected in excess of the share price would be sufficient and would it breach anything. The point here is I don't believe any bids have been rejected. It's a roundabout of suitors until a bid materialises.

Osf. That made me laugh. But is a very pertinent point. CAW faith is good, but objectively shareholders should be inquisitive.

Does it really make sense to pay tax on the sale, distribute as dividend, shareholders pay tax again. But then sell 500m new shares?

This is probably a back up plan. But for me they could have left this off and sell the point that the sale should finance everything. And worst case they could have added it as an EGM in the future if needed.

Re the NDA... there must be hundreds of individuals involved in the previous binding and non binding offers from several parties over the space of two years.

If I was suspicious, I expect the ballpark price previously tabled and the BoD would take is already common knowledge in the industry. The BoD not sharing this with shareholders is just inexcusable.

The proposal in writing is an interesting statement. It's not a non/binding offer. Neither a HOT, MOU, LOI. It's worded very weakly and vaguely.

But for them to end the FSP, there must be some weight to it.... unless the take over panel put pressure on the FSP to conclude.

Guess we will have to wait and see... at the BoDs pace that will likely be months.

What the BoD really need to do is put hand in their pocket and buy shares at this level. This will give the sp a much needed shot.

But with the protracted sales process I doubt they can do this with inside knowledge of potential proposals.

Honestly the bod here are pretty poor like most on AIM. 25 years and they still can't mine profitably at astronomical prices. They got very lucky with commodity prices and went big on the pump to get the sp here.... but without a sale this is a coin toss like any other aim lotto.

Wow... what an anti- climax.

Potential 100m placing... ouch. This will struggle to get approval.

There has to be a sale realise value.... wk is cashflow negative at record prices. Not looking good for Mon.

Broxburn I feel you are correct, this is some corporate reminder. No way the assets of UAP have been sold over a month ago and no notice to shareholders.

Could be restructured but even then it would be a voluntary liquidation.

Mac stick to the copy/paste buddym

This is a wild goose chase as always.

Aspen. Their are 2 approaches. One for a dormant and one for an active entity.

Voluntary Liquidation

The most important factors before starting the procedure are the following:

The Declaration of Solvency is made by Board of the Directors under oath that the company has enough assets to settle all its liabilities within the next 12 months following the commencement of the liquidation.Audited financial statements of the company must be prepared

Procedure

The shareholders of the company, at an extraordinary general meeting decide to place the company into liquidation and they appoint a liquidatorThe liquidator informs the Registrar of his appointment along with the Declaration of Solvency (within 5 weeks of the extraordinary general meeting)

How is that possible? That would mean the assets are sold already and off the UAP balance sheet... which is obviously not correct.

Exactly. Looks like a wind up of a practically dormant subsidiary rather than an active entity. Otherwise and EGM would be required to appoint a liquidator.

Er no. Majority if not all of BR holdings is in tracker funds.

Next rebalance is in Nov. If EUA drops out, BR will dump all their holding.

I only see 2 reasons for cutting it this fine...

1. They want to add sale related resolutions to the agenda OR
2. There are issues with audit sign off.