Member Info for bluetigeruk

Doesn't it also mean that as the fresh loan capital hits the balance sheet it stops creditors who are owed monies suing for settlement of their existing debts - it protects the new capital from old debt claims. Thanks Blue

Yes, the asset will most likely get refinanced but there is zero chance the current shareholders will get anything more than about 2-5% of their value last day of trading - any new money will wipe out the existing failed equity holders - we don't get a free ride on someone else's coin i am afraid. That's how equity works im afraid, loans and bonds are more senior and they convert into fresh new equity, killing off the old dead money. Full disclosure - i lost £11k here. Thanks Blue

Unpopular thoughts ...

To add to that - what if the Telfer + Hav was not part of the plans in a successful takeover - just run the performing assets for cashflow and dont sink lots of new development money into new extraction targets ?

Using a bit of Bayesian probability theory -

The successful conclusion of Hav + Telfer is = 90%
The cancellation of the Hav + Telfer is 10%

and

The successful takeover of NCM is 75%
The rejection is 25%

OK its a game ... anyone here at LSE GGP want to add their probability ratings - the two events have to total 100% so you cant have 30% 40% or 80% 30% for example.

Thanks Blue

Ring HL and speak to a telephone dealer - they will get a price for you - the platform is just automated trdade matching - the NA will make a book / price.

Thanks Blue

Manifesto.

No need to be insulting - actually i did institutional sales for 2 desks in the 1990s and we were a small companies team so we did a lot of book building and placings, yes i do know how it works. Thanks Blue

Manifesto - it tells you there are loads of no risk to the MM shares available at 2.5 pence - they dont need the spread to protect them as the bid is not going anywhere while there are placing shares available to the MM at 2.5 pence.

The brokers build and fill the 'book'
The MM get an allocation of whatever then need to keep the market efficient
Then when the book is full and the placing released, the market will trade again on book flow - meaning - buyers vs sellers to move the prices around.

Thats how it works - Thanks Blue

Mr India - they may not be buys - they could easily be short closing positions - Buy to Close - anyone in the market who had a whiff of a placing coming can short via spread betting then close out today - the action you see is the spread bet closing - its not black and white .

Thanks Blue

A big buy in the background - rubbish - any big buyer would contact the brokers and take part in the placing - if you have £50k etc - ring them, they will be filling the book and happy to accept your money.
Thanks Blue

It was just supposed to be a bit of fun, some people!

We used to get 50 calls a day on our desk asking why a share was falling, our boss always said "more sellers than buyers" it's usually the truth.

Thanks Blue

1. Theres a huge placing coming
2. ?

OK so thats a very good announcement for us - the important thing now is the time between this shipment and the next , so how quickly can they fill a bulk carrier with fresh material, and what's the target vs cashflows, one a week ??? 4 a week etc ? Its definitely good news though - Thanks Blue

Buys are open short closing - probably

This is a friendly message - i know investing in PURE has been a disaster - i have had a few - i recommend selling now before the shares delist because it makes it way easier to book any capital losses you may want to use in the future, remember if you sell other shares, sell a rental property etc you can use these capital losses to offset. The problem is that once the shares are delisted there is no market, no price, and no transfer process in place so it gets really complicated and expensive (esp in time) to manage this process.
Thanks Blue

Neil Woodford got killed by investing in some small cap illiquid stocks that he couldn't get out of when redemption selling hit him. Fund managers are not interested in being the next NW.
Honestly most institution investors won't go near aim or even propose to the investment board, or in fact are even allowed to propose them.
Most important criteria is how wide are the doors if I want to leave the room quickly.
Thanks Blue

Dual listing in Nasdaq is expensive but will help.

Not many funds will even be allowed to invest in hemo, it's too small, illiquid and on the wrong market. Also most funds will have a unit size, say minimum 20m investment because it's not worth having an analyst permanently watching the share for anything less. Once market cap gets above 500m and if hemo gets a main listing, then it's open for some funds. Even then if it's never reported a profit or paid dividends, many funds are still not able to invest.

Thanks Blue

Microsoft has a £1.5 Trillion Valuation !
CellGene is around $150 bn this would compete with CellGene
Theranos - without any proof of what it could do - simply by stating to investors it could do something in the future - was worth $10 billion.

Just saying. Thanks Blue

Never say never - but i think their funding partner is so invested now - if they stopped the cashflow required they would basically make a huge loss for their own investors - what will happen is that if the mine gets up and running and looking sexy then ARC Fund will have a huge and massive equity conversion against the loans - i haven't run the cap table but i guess they own a huge chunk on conversion and its probably their mine - so us ordinary equity fools get diluted hugely - but then again a long life phosphate mine next to a port etc ... what's not to like. Thanks Blue

"If I bought a new car and it broke down in the first month, I would not sell it on the basis of worrying that it would break down again."

What if you bought a new car and during that happy first month while you were in the shops a large truck drove into it and was an inoperable write off, would you still drive around in that car or tow it to the scrap dealers?

Thanks Blue

Fellow Ramblers - the equity is gone - whatever happens the debt needs to be restructured and in these situations the equity gets wiped out - and then reset by the new money that comes in - they dont give the old shareholders a free ride i am afraid - so yes the mining assets may re-emerge but under a wholly different debt structure and so the equity that we have is toilet paper - the business may survive but we will lose 95% or more of our equity as the capital is restructured, and converted. Please understand that you / we have lost our money. Sorry - thanks Blue