Member Info for Broxburn68

Hi jeffa,

This would give FW a mcap of $856.25m, thus valuing our fully diluted stake (36.61%) at $313.47m. This then would equate to £253.91m or £1.05 per share?

If you can provide a link to the valuation of our investment today at 0.8% of FW, that would be much appreciated.

Many thanks and all the best.

Allied committed cash to 50% of the fundraise ($6.85m out of $13.7m) so have marginally increased their % holding in FW.

Comment from our co-investors at Pennant:

"Over the last three decades, control and management of scarce spectrum assets has been the driver of hundreds of billions of dollars in market capitalization for wireless carriers in the US," said Tim McDonald of Pennant Investors. "Federated Wireless is the clear market leader in delivering spectrum as-a-service, turning what had previously been a high fixed cost asset – spectrum licenses – into a variable, price-per-connection service. This is a game changer in wireless, enabling not only wireless carriers and cable companies, but also cloud service providers such as AWS and Microsoft, to offer valuable connectivity services over shared spectrum resources."

Good news that ALM have contributed 50% of the raise. There seems to be real momentum behind Federated Wireless at the moment.

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.

To the boards and management teams of the UK’s listed companies.

COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.

Here are the facts:

The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]

UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.

The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”

While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.

Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).

We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.

This is more than just good governance

Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]

This letter requests the following calls to action:

UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise

All deal advisors ensure retail investors are part of their thinking when structuring a fundraise

Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”

We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.

https://allinvestorsmatter.co.uk/

How about Grant Thornton? They're the company's current auditors and have been for some time, so know the company's financials and business model inside out. No need for site visits, extra DD, etc. The downside to this theory is that they've fulfilled this role before; I think they were appointed in 1999 and passed the role to WHI a few years later. I'm also slightly doubtful as to whether in this day and age there may be a potential conflict between the two roles which they might not want to take on at present.

https://www.aimlisting.co.uk/nomads/

Yes, he's very much a self-made man through the success of Right Choice, but some of his other investments have been somewhat hit or miss, shall we say..

It would appear that Mr Joseph still holds a few million shares here ref post dated 25 Feb 2020 16:34.

https://www.lse.co.uk/profiles/bigmj/

Hi NuckyT

The Independent is a good source of info regarding 5G conspiracy theories, e.g.:

https://www.independent.co.uk/life-style/gadgets-and-tech/features/5g-coronavirus-conspiracy-theory-china-online-twitter-facebook-a9450001.html

NHS medical director Stephen Powis described it as "complete and utter rubbish... the worst kind of fake news." Maybe your tree hugging pals know better of course - let us know if Greta really is a time traveller from the 1890s who has been reincarnated to save the planet. I tend to agree more with Rosie Jones' theory involving Lambrini and fingering. On a more serious note, I do have concerns for her mental health in future.

Have fun!

If you look at the drilling results for Monchetundra from the Anglo days, you will see that the vast majority of the resource is at depths of greater than 100m. It will need more that a few excavators and trucks to extract this; it's a hard rock deposit so costs will be vastly higher than they are at WK for example. Anglo American Platinum’s large-scale Mogalakwena open pit PGM mine extends to a maximum depth of 245m - have a look at that project! Best of luck though.

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x2269lx

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x55ym2x

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w12604x

Dear Ian_

I'll go for Wednesday 15th April please: CS to stand down as MD/ Chairman.

Best regards.

Not too much news recently regarding BKY that I can find but it's good to see a revival in the uranium price and uranium stocks in general over the last few weeks. I would expect that Uranium may become a relatively safe haven for investments even if the stock markets in general take a lurch back down, which I expect they may well do at some point soon. Recent Kitco article here has a fairly bullish, but considered, outlook:

https://www.kitco.com/commentaries/2020-04-08/Perfect-uranium-storm-brewing.html

Talk Soup:

https://www.youtube.com/watch?v=555ndsDM2qo