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Turtle: Providing you continue to hold if Odey gets a payday so do you.
They have not written off their stake by any means i can tell you without fear of contradiction.
Love it SirBoy.............your concern is about the tax benefits rather than the SP.
As it happens you may well be correct......and i would not disagree.
Things are not as they seem...in my view!
The actual crux of the problem is that no one knows how much it will take to complete the plant.
Without that no one will invest cash....Glencore or Odey...they have the funds of course.
Which takes us back to the arabs....and that friends says it all.
this is not supposition but will be taken as such, which is understandable.
for a bit of relief.........how much the opening price in th a.m,,,,and the close.
box of liquorice all - sorts for the winner. (small)
..because if they value our stake at ***k all surely that applies to theirs.
..and further more friends i asked TSTR...what did the Omani's say when we askes them what do they want for their 60%...which i presume we did ( or not )
Stinks.
I will give you a nose bleeding fact.
I suggested three weeks ago that TSTR approach Glncore - this was in my view the bleeding obvious.
It is a perfect fit.
So they did and Glencore came back and wanted more financial stuff fro SPMP......they were very interested and may still be,
I the said to TSTR why the ***K were you not talking to them earlier.
Ummmm
Odey and Glencore...........
we may hold 40% but we have not got a cent to invest in the plant - badly needed investment, that puts us at a real disadvantage.
my guess and thts being hopeful is 40p to 50 p max.
however there may well be someone else with much deeper pockets sniffing around our stake.....
I hear that a deal has been done for our 40% stake.
I am not a ramper as folk should know.
As for the price.....no idea, but a deal yes.
Let us hope we wake up to it soon.
well a take out price c.50p.......would look great now....crowing about a 90% premium to last nights close....blah de blah
perfectly understandable.......they are in the dark like all of us........so they will be cautious.
volume hardly gangbusters....explains their reticence.
would be very pleased in all the circs...given how long this has been going on to get 60p.
doubt it will be much more than that.
big plant but a lot of debt.
Good heaven's TD2, some optimism from you.
do not mean that to be rude i should add!
ummmmmm
Some sensible posts - how refreshing.
I am of the view that we will not get £1, there is just too much debt.
i hear that the plant is totally overmaned - friends and family as is the Omani way.
the problem is that 'we' will never be in a position where we can run it.
raw guess - out within three months - and well less than £1.
i hold a serious number of shares so of course would like more.
Solid post TD2.
i think it will be sorted before arbitration.
OFI will take us out.
but that may leave an intriguing situation.
for arguments sake say they offer, and weaccept 50p, that money goes to TSTR, who then declare a special dividend.
say 45p.
that leaves TSTR as a clean shell with some cash and a well connected majority shareholde - Odey.
FAO: TrickyDicky2
you say you are not optimistic re outcome here.
are you suggesting shrholders will end up with nothing or just not as much as we might have hoped for a year or so ago?
should be clearer...enterprise value of SPMP.
At the current share price the enterprise value - to my mond anyway - is 45 - 46m.
My guess on outcome of these negotiations ( if you can call them that ) TSTR will be taken out by OIF.
as for price...between 50 - 60 p.
so the whole spmp business in now vlued at 45m.
interesting.
Notice the SPMP website is currently down as they redeveop it.
Not a bad sign one might think.