George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The legal action will take place in the Channel Islands, a place where huge financial alligators live with each other and off each other. And, of course, the Court is as unbiased as the American Supreme Court...
All the legal representatives have been appointed by the YES side, and mostly, including expenses, paid for by Shanta Gold - us.
I know of nobody representing the 'No's'.
My take on this is that it is vital to vote NO and get it registered, since any votes not filed will be said to be a YES.
My stockbroker, Ramsey Crookall, said they would have to charge me up to £50 to act and suggested that I might as well save my money since my 53,250 shares would not influence things one way or the other. I said that I felt a moral necessity to add my small amount. Accordingly, another 53,000 will have been added to the NO vote.
Thank you, Publican. Still leaves me a bit foxed when I can't see the point of showing trades on this site if they don't tell the much bigger story. My widow's mite of £8000 quids worth is for NO. Rason: I see no commercial strength in the BOD' argument. I'd rather keep the company -without the existing BOD.
CeeD, there must be a lot of behind the scenes talk going on wiith big investors. If the BOD sense defeat, we might see an increase before the vote, perhaps only to 15p but just enough to get the across the line. As for the share price now, I am baffled.
Gold has dipped because Central Banks have indicated no quick relaxation, not for lack of desire for gold. ith wars breaking out all over the place, who would not want gold?
Situation simple: if only 30% VOTE YES, then the whole thing gets dropped. If 60% vote Yes, then they will be obige to increase the offer and pull in the rest.
I am sticking.
Dogstar, I am sure that they are well briefed on the legals, but the question is this: the company is throwing off cash so to take the first bid offered for a highly profitable company, is at best, commercially reckless. Directors have a legal responsibility to do their best for shareholders. They should, at least, looked for alternative offers.
I am not selling. My view is that they will not get 75% votes and must improve their offer.
I reckon it's daft to sell at this point before the latest trading figures and, with the backstop secured, I shall carry on waiting. I very much doubt the sale will get enough votes and some sweetener will be necessary.
Get real. Most of AIM is down, JLP less than many. If you want to know about day to day problems, join the workforce. My experience of investment is Africa is that nothing happens on time, but on the other hand, Africa is where the stuff is. Your choice..
Toffers, I don't understand your pessimism. We have two lots of drilling results due in shortly, either could lift the SP and counter any dilution. And if both sets are duds? Well, we're only six months off gold production so dilution need not be too significant. Sure there's always uncertainty, but itis a matter of how you see the odds. The price of gold is the one to watch.