Member Info for BushyTailed

If not, you should?

No Coris related parties and are not allowed to vote or acquire target shares below 11.26p

If they go private you'll lose everything through post event equity dilution..

Wake up and and just vote against the rule 9 proposals and none of this will happen .. it's really that simple

If this goes private you'll be diluted to zero. The only way you can save some skin is by flat out rejecting all rule 9 proposals

Looking like I'm busy and won't make the investor presentation and Q&A although I have a really important question that needs to be asked... I've emailed him already but if they don't reply before Wednesday please can someone ask how much of the 152m trade payables is debt which falls due within the next 12 months?

This is really important and from a legal point of view I don't know how Shard can confirm the offer as fair to all shareholders whilst the trade payables are not broken down by supplier and debt due?

Continued support fron the 200ma

Pointless tracking BlackRock shorts... They lend shares out to other parts of the same business for additional product development which in turn lowers the total expense ratio of the principal fund, whilst also growing distribution opportunities.

BlackRock are not prop traders all their strategies are long or hedged by arbitrage.

Considering £500 sheets get you circa 25,000 extra voting rights and a potential treble bag on the vote going your way. Makes you wonder if you can afford/stomach just throwing one last £500 quid at it?

Also if the rule 9 waiver was rejected and the company ceased trading as going concern. The company would have to appoint "independent" administrators. If this was to happen then Coris would lose all control over the management of the assets. IMO, a preferred outcome over that of just handing it over for 2.7p.

Coris are massively trying it on and the power to stop it, is in the hands of independent shareholders.

Edit 11.26p

Yes wildcard.

Wildcard the existing rule 9 waiver of the M&A code prevents are Coris related party from acquiring target shares below 12.26p until the 11th January 2025.

Considering the company has reported over 2.5k ounces in the first week of November the should be reporting commercial production at any point and well in advance of the 11th of January but potentially not in advance of CIG's required vote from independent shareholders to cancel the existing rule 9 waiver.

Coris basically want to pay you 2.7p potentially a week or two before commercial production is announced, instead of having to pay the agreed 11.25p or whatever the price is after commercial production is announced.

Absolutely nothing in that announcement will happen at anywhere near that derisory price of 2.7p if the shareholders rejected the new rule 9 proposal.

I think fair play to Goldy, we've all probably lost more than he's laying out at this point.

They won't report the AISC until after they've reported commercial production, another reason why the rule 9 waiver should be rejected, especially if the company believes it will announce it this quarter.

None of it happens if the rule 9 waiver is rejected by independent shareholders and the company has strongly advised shareholders not to take any actions at the moment.

Given that the statement is just a long list of what might happen and the company is advising shareholders not to sell (what other actions can a shareholder undertake ATM) ?I'm therefore inclined to think that Coris taking full control, or the company going into administration is relatively unlikely, until at least the existing rule 9 waiver matures next year.

I'll be voting to reject the rule 9 waiver as the Q4 update in Jan should at least show what 3.5g/t moved ore looks like on the balance sheet after it is processed.

It's a strange line is clearly contrary with how strongly worded the rest of the statement is.

Reverse pump and dump?

Thanks for heads up Bismark... I have bit-part filtered but I've just opened a short on SRB now 😂😂😂

Like I said Goliath... It's all of maybes and buts, the only that's definitive is that the usual drum beaters didn't understand what trade payables are

Trade payables are any sums owed within 12 months, it's a sub set of accounting they're not additional liabilities.

"Hummingbird shareholders are strongly advised not to take any action at this time."

If they're hitting 2.5k a week at Kor and can continue to do so, they're definitely not insolvent.