Member Info for bishoppepi

Does any body know the next step in this procedure ? Regards

So is that the next step then the AGM?? It would be nice if they could inform us on where we all stand in relation to this as to our allocation of shares?? But I guess it won't be that simple!! Buckle up guys this rides going to be a bumpy one!!! I'm still enjoying the news anyway

Morning all WoW Geek that's brilliant news in my eyes!!

hi there geek and wimbledon could you re-frain from posting any bad news till after 4 oclock tomorrow please ,my teeth will be healed lovely by then and would be perfect to start pulling out nice and slowly by then ,regards

Chaps!!! All very good I think guys, as far as I see things they are not voting on selling anything are they? They were voting to turn there cash debt into shares without premium payments in a company re-organisation not on any sale of anything they need to get those heavy repayments to creditors last year turned over €500 milion there's the business that's why Audley paid what they did to run the mine I bet they think they could double that?? So as this concerns bankruptcy means nothing at all for us so our only hope is that maybe tomorrow we will more than likely find out how ,where ,why and what our plans in this pile of cr@p are?? I do think now the creditors know we can now be told our destiny's so the big question is ??? Are we getting our full share rights no deductions?? Are we getting a 30% reduction in our shares?? Are we getting a 70% reduction in our shares?? OR THE DREADED F¥(€ 00f nothing zero zilch?? Answers on a post card please terms and con apply

I think voting will be in for the re-org and if that is the case what's the next step ???do they have to get finance then?? Or is that the final hurdle?? Regards

Sorry couldn't resist I know it was childish!!!

Hi all I think labour by a small amount and then they will form a government with the lib-dems but it will be very close to call IMO

ah yes like pulling teeth then sticking them back in then after a few days when they start to heal !! start slowly pulling them out again!!! good stuff geek fantastic read whatever it means WTF

Yeah you maybe right my friend I havnt worked out what my investment will return to I was hoping to go on h\l and see something rather than green nothing !! But whatever (or if) it is I will reduce my exposure if we get a chance to but I may still leave some in the company going forward because if they start pulling tonnes of stuff out of there three months time this will all forgot about!! But I won't get my sleepless nights back though

Is that a positive sign or are they being presumptuous ?? Why give permanent positions if you we to fold?? The vote is not to end until the 6th may?? Unless they have already secured enough votes?? My thoughts on Audley according to that proposal is they have paid 250 mil (reportedly) for that they got 15 % of the company but what they wanted for that was day to day running of the mine!! No bad thing to go from a government type run thing as slow an ponderous as company's like that are to a private investment company where every move will be costed and so on!! So Audley must have thought they could increase production and efficiency they put there money in to do so IMO

Sorry I just wanted to add the shares being suspended the old company can't suspend trading get rid of share holders then under a new company re start trading again and expect to get new share holders you wouldn't buy into any company if they could do that, by the very nature of this business that can't be done!! I wouldn't have thought so ?

As far as I can read we are getting shares in the new company apart from maybe a little less the re org is not changing for us only for creditors and bonds they have to except shares for there debt so that's why they get to vote to turn there cash debt into shares in the new company will have slightly more share holders but the company as less cash debt? That's my opinion?if I'm wrong please tell me

I'm no analyst but I think someone posted a while back about how the company was turning over 500 million dollars a year ( these may not be the right numbers but will prove a point I hope) but was still struggling for cash this was down to unsecured borrowing to much money against turnover so having very little left to keep running someone borrowed to much they had the natural disasters and then one of the mines go on the blink but the way the re org as been done the guy Audley have bought in for the running of the mine he really is top of his field in mining also any past present or future problems with the environment the finish government is to take all the blame but like you I only put so much in hear because of them so I think they start a much leaner company with less baggage !! I think they are just going to start operating as before hopefully better because if you recall our shares are suspended and can just be re started to what h\l said to me last week!! That's my thoughts any way

Sorry I think I read somewhere creditors have there debt exchanged into shares

My reading of that is like ours it's a something or nothing offer the administrator as told them they would get 30% of there debt owed but that's not what actually they will get that would be still nothing because there's not enough funds to pay every one so it would be nothing on the face of it if they vote against but if they vote for they will get 70% in the new company in shares like us I believe if I've got that wrong can someone put me straight, regards

Am I dreaming or is this for real? I was expecting the best option for creditors and bond holders would be to vote against the proposal because this or that but the way that reads to me is about as good as it gets its amazing news !! Well done

Just a wandered what incentive does the creditors have for voting " for " rather than " against "??? We as s|holders was pretty much simple something against nothing!! What's there motive for voting either way??? Thanks

Well done I was going to call talvivaara and the administrator first thing but can see were all the confusion has been!! I am also calling H\L to see what there case has been about!! I would like to apologise for my misinterpretation of things SORRY, so in between all the bull#*¥t is it if the creditors say yes we get somthing back (a little but something) or if they vote no its bankruptcy and we are so low on the pecking order we get 0 zero or a big fat nothing!!!

As any one else called anyone?