RE: Ops update should've been today ??25 Jan 2025 09:20
Winni , et al , IG continually refer to the Custodians without stipulating who or what this is? Snow in Hunger Games, or Number 1 or 6 in The Prisoner would be appropriate perhaps. But more likely , seeing those actors passed on a while back no doubt, it is someone in IG circles in a dungeon - Count of Monte Christo?
Are the other brokers mentioning a Custodian and what , if any , fees they are likely to charge? The main shareholders are not worried about their investments with holdings on ASX or the Bots exchange but I wonder if Stephen Hemsley and other substantial shareholders in the UK are on ASX or were in LSE/AIM, rip. Surely an RNS about main shareholders is overdue with millions of countless shares in limbo with my 1000 shares in the Cherries and others in HMV, Avanti , SXX , USOP, that spread my risk.
Their CEO's were/are paid a fortune to waste our money . TG has been in a different league but marries in haste too often? Selling to SAPP was touted as easy , giving discounts to special UK investors to raise cash within 24 hrs was calamitous for the shareprice, and divorcing AIM on a whim without telling us he did not know it would pan out was his worst mistake?
Simply ripping up GBP shares and reissuing ASX shares on a one for basis sounded simples. It happens often when companies revalue and buy back old shares to issue new shares on a 10 for 1 basis and price rises tenfold? Does doing that across different exchanges matter? Of course it does especially when those exchanges work on different currencies and FX comes into it.
Our investments will have gone half way round the world - we are a mining company but TLOU are going through the core for the shortest route instead of using Elon Musk or Richard Branson to move them through space in a few hours.
How much is it going to cost to achieve parity for us? More or less than the costs of staying on AIM? Rash decisions are to blame imho. We should have been told how the change would be executed so we could have rejected the proposal if it looked as pathetic as it does now. And knowing what they know now WOULD TLOU HAVE CONTINUED?