Member Info for chriszzr

Not good news for many I fear, although news could drop any time today
Chris

Just an observation today,
Chris

Interesting thought Apple, problem is at the moment most worldwide sporting activity is suspended
Chris

Neil
Surely the target co will be a non listed entity looking to float on an exchange, these tend to be privately owned so also limiting the number of shareholders.
What scenario do you envisage unfolding?
Chris

Please

So we have just three trading days for this to succeed!
Chris

Neil
Look’s as though there are interesting times ahead
Chris

The BOD could announce the news on Monday as this would just allow sufficient time for a deal to be completed before all shares held in Isa’s lost their tax exemption
That could affect a lot of people
Chris

Neil
If we do de-list what is the process for returning to market?
Chris

Just read the Articles and the notice period for a General Meeting is actually 14 days, not 21 as I previously posted
So we might have to wait another week for news!
Chris

Neil
Thanks for the update, and also for your professionalism and discretion, not often seen on these BB's
I am even more confident now of a good outcome for all of us
Chris

Hopefully we will all be updated soon
Chris

Has Neil has a reply yet to his last request for information from the company?

I am expecting a cash and shares deal for the whole company, Norilsk Nickel just increased their loan facility by a couple of billion in February
At what price though?

Nice to hear that
I think we should give the BOD all the available time to get the RTO away, I reckon we need news on or before the 17th to allow for 21 days prior to EGM to approve a deal before the suspension date of April 7th (if it is only 14 days that is required then I stand corrected and pleased as it allows a further 7 days to make progress)
The current economic climate cannot be helping, if as we all hope a large deal is in the making it will require bank or institutional funding to complete and they will be nervous until this virus outbreak is contained and the financial fallout assessed and crystallised.
A lot has been made of the "Healthcare" sector, referred to in the RNS when Symm's was appointed with his appropriate experience, if that is to be the target sector, the shenanigans and financial mis-management at NMC which is now coming to light might make the due diligence reporting even tighter than usual, and that takes time.
As always I am still hopeful for all the reasons I have expressed before, whatever happens we cannot influence it and there is no point upsetting others who are probably very stressed over the process.
Chris

CC
Any thoughts on who the target might be if not Coeur
Chris

CC
So is that the information that was hinted at a while ago but nobody on here actually divulged it?
Certainly might complicate things but if this gentleman is not actively involved in the running of a company , just a 25% shareholder then it should not preclude a deal being done, if Coeur was the original target
Any other interesting information to share?
Chris

It is worth pointing out that there are only 4 shareholders on Coeur Gold Holdings to update

Michael Mgal has 26%
Antos Glogowski has 24% via AJG Investments (Hong Kong) Ltd
Aaron King has 25% via Geoenergy ltd
Paul Duggan has 25% via Geoenergy Ltd

Hope to have news soon
Chris

I think BOU have had a target (or a number of) company in sight ever since Mr Glogowski invested in over 15% of the shares, and took part in the open offer, bought the warrants to 3% of the enlarged share capital post RTO.
It is whichever business he intends to float

Looks as though another entrepreneur is trying to achieve the same over at RLD
Sill confident of a good outcome here, just hope they do not take it right down to the last date!
Chris

I see that Abal has finally completed a RTO, John Treacy is a Director there as well as BOU
So deals are being done