Member Info for BoracicLint

Thanks Basscadet. Sticking to the same example then, an award of $1bn might mean Nano receive $500m/£375m and divided by the number of shares gives 375m/603m = 62p premium on top of the share price. I appreciate I've plucked the award out of thin air - who knows what we might get, assuming we do win ;)
I've been reading a little on the interweb and on my other question, it seems the outcome of the Markman is that the judge indicates the likely outcome of the case and it doesn't stop the defendant from proceeding to trial. It might encourage them to settle pre-trial but that doesn't seem Samsung's style., does it?

I'm no legal eagle, and was wondering if someone can clarify this.. Is it right that from the Markman Hearing, the judge can issue a summary judgement and award damages, and therefore take away Samsung's choice of whether to go ahead with a trial? Or, is it more of a 'recommendation' from the judge and we will potentially have to wait for up to 2 years for the trial to finish? Unless an injunction were to be granted, it seems it would probably be in Samsung's interest to delay by going through the rigmarole of a trial.
One other questions I have is that if we win (and it seems to look better for N than S), the Legal Funding Agreement RNS says 'the Funder can expect to receive a multiple of their invested capital in the event of a settlement or judgement in favour of Nanoco'. Simplistically, will this mean a gross award of, say, $1bn, might mean Nano only receives an amount net of the TPFs slice of the cake.? And that, if it does go to trial, the TPFs investment may be greater and Nano will receive still less?
GLA.

I noticed there is a note at the bottom of the RNS that says: Electing shareholders are likely to have to make a further equity investment very shortly after closing of the offer to avoid a material dilution in their ownership.
Does anyone know what this means? Does it imply we will get less than 35p if the deal goes ahead? Excuse my ignorance!!

Agree with all posters that there's no doubt this is more good news!! His background sounds perfect for his role, particularly in banking, finance, insurance and reinsurance and makes the new BoD look even more solid. I doubt this will accelerate any FCA decision to re-start lending, though it certainly should back up AMGOs case. I still feel this is weeks away but would be happy to be wrong.
Maybe potential PIs are getting bored with Board appointments and want a more racy RNS - that and a generally down day in the market, so far, may explain the lack of SP movement.
I really do believe the company will recover and am hoping to double on my average price of 9.26p over the next few months.
GLA.

Do you think it's mainly day traders and short-termers who are moving the SP now? In the absence of news about new contracts (all quiet on the Merck front) we really seem to be a one-card trick. To me, the daily moves are sort of irrelevant, as everything really depends on the court case, though with my average of 19p, the current price isn't exactly cheering :( The spread isn't that large, so MMs don't seem to be up to their usual tricks.
Samsung Electronics has just announced a bumper 3rd quarter:
https://www.bbc.co.uk/news/business-54728298
so more money for them to pay our damages!!!

It was recommended to me to buy BOO about 5 years ago when it was 22p. Regrets? I have a few. But I feel the current drop is overdone and when it dropped again this morning, finally bought two lots of £1000 at 227p and 236p (yep I am indeed a small investor). Unless something like fraud or misstating accounts comes to light, I feel this is a strong business with solid earnings and that the share price will recover to my target of 300p in the next few weeks or months. I don't understand why the PWC issue has caused such ructions - maybe on top of the Leicester problems it's just exacerbated the volatility and wariness around the company.
As for rampers/derampers here, do they make any difference? I always tend to think with medium to larger companies, IIs are the ones who shift the price rather than PIs. There are 1.2 billion shares, after all.

Here's some light reading from the Beeb, while we twiddle our thumbs as the clock ticks down to a hopefully newsworthy 30th Sept... https://www.bbc.co.uk/news/business-54230737

Hi Toonman, yes I bought a small amount to top up and they haven't arrived in my investment account yet either. I have contacted my broker so they know to expect them. PrimaryBid did say it would take some time and yes, I'm expecting them to arrive next week. Not worried though, as I am planning to hold them in expectation of new contracts and , most importantly, the (favourable!?) outcome of the court case. Looks as if we should have the upper hand in the case, now that due diligence and funding have been completed. I have no idea what defence S can argue realistically but I am sure they will delay as long as poss, so we have to be prepared for the long haul. Best of luck all holders.

Only saw the RNS at 8PM last night but managed to set up PrimaryBid account and request 5000 shares before 9. Had an email from them this morning confirming I will get them, so hopefully most small retail investors will get any extra shares they wanted. The discount is small but for those thinking of topping up, it seemed a good oppo (ignoring today's price action!).
GLA

I agree. Looks to be a very minor dilution but now with the additional funds raised over what they initially expected they have the reassurance of 'cash runway' to 2022, rather than the previous 2021, which was concerning some posters. I suppose the other plus is that if Samsung were hoping NANO would weaken with diminishing cash and delay as long as they can, that's going to be harder for them to do now(?).

Hi Numpty,
the current BoD//mgt team does seem very experienced. When it was Tanzanite One in Tanzania, it was the political/cultural situation that prevented them making the most of a unique gem. It was the right decision to get out. On the other hand, the Capricorn Sapphire project seemed a disaster of their making and shook my confidence in them.

Now we are looking at 4 prospects, not mines, so the risks are high.
There are 2 things that have kept me in:
1. I'm making a big loss on my original money , so there's not much more to lose (albeit this is paper loss). I'm a bit jaded (pun intended!).
2. M M Greenwood and A Mehra. MMGs investment has to be for a good reason and he didn't sell out before suspension. My guess is he won't want to make a bid as previous posters suggested he had a property background, so he will be content for the current team to continue. Ashwath Mehra holds about 3%. Again, previous posters have mentioned him; he has a history in minerals (not exclusively, though) and founded GT Gold Corp in Canada (trades as OTC GTGDF in the US), as well as being a director in a couple of other mining companies. He is also still in, which gives me a bit more confidence.
Also, the CFO, Louis Swart holds over 4%, in addition to the Board holding about 13%.

As for gold or precious stones, I would personally choose gold every time. The price is rising and I believe will continue upwards in the medium term, especially with all the various central banks printing yet more money. Is gold a good investment? Well, consider when the US left the gold standard (in the early 1970s?), the price was $15 - currently, it's heading for $1800, an increase of 120 X. I think the Dow Jones has 'only' gone up about 5 X over a similar period.

As for possible share value on re-listing, I think other posters will have better ideas than me. RLD has stated a further raise will happen; if that's by a placing or rights issue rather than debt, it will dilute the current value, so the perceived value of the new assets will need to exceed that to re-list at a premium. Of course, it's not just the price at re-list but also the medium-term prospect of these assets. We may just have to wait for the RTO to complete to get more detail about the assets.

Overall, I'm optimistic - and more recent investors have more reasons to be cheerful! In general, I think this is a great BB. Good discussions and a nice attitude - thanks to all.
GLA

Numpty, fire away.

Oceana Gold is ticker OGC on Toronto exchange and has a latest stock price of CAD 3.16. I'm sure Richland would re-list at something of a premium to our closing price, but nothing approaching this. I can dream of a successful mining operation doing this though. Also, Haile mine shows this production and reserves, so the area seems a positive prosepct:
Type Open pit operation
2018 production 131,819 oz gold
2019 production guidance 145,000 – 160,000 oz gold
Measured & Indicated Resources 3.1 Moz gold
Inferred Resources 0.7 Moz gold
Estimated Mine Life 2033+

Good luck everyone.

OGC operates the Haile Mine and their site says this:
Our Haile Gold Mine is an open pit gold mine, located along the eastern coast of the United States in the state of South Carolina. The historic site dates back to 1827, making it one of the first operating gold mines in the United States. The site has been in production on and off for nearly 200 years.

Today, the Haile Gold Mine employs more than 600 people within the region and has a positive economic impact of $87 million USD per year in Lancaster County alone, and is considered the largest gold mining operation on the eastern coast of the United States. In January 2017, OceanaGold celebrated the first modern-day gold pour at Haile and have since announced a 2019 production guidance of 145,000 to 160,000 oz gold. With the use of modern mining technology, exploration at Haile has revealed additional ore deposits below the open pit areas, hence we are pursuing an expansion from open pit mining to underground mining.
Would be nice if Richland could mine like this.

Well done every one who bought in or stayed the course. I've been a holder since 2009 when I bought at 17p and 15p - yes, really. It was Tanzanite One then, before the Tanzanian government and illegal miners squashed us. Been dying the death of a 1000 cuts since then, even after the 3.4p raise. Much more recently have since topped up at 0.11, 0.14 and 0.38. Slightly concerned the target is exploration projects rather than an operative mine, but positive news for sure, and in a safer part of the world. Great news for all holders!