The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Harry spoke about the honour and importance of a handshake in Saudi.
Those who have worked there know this, those who haven't, don't
Yeah, it's a good turnout.
Some good questions and good answers
Yes, the corporate actions team could see the AGM but were unaware of the GM as its buried on page 136 of the RTO document
"I can confirm that we have submitted your votes for all four accounts for the AGM (I have not been able to also submit the votes for the GM following the AGM at this point)"
I know you mentioned that there was a standard general meeting after the AGM on the 29th May. After speaking to our Corporate Actions team, they have had a look around, and they cannot seem to find any information on the official company website regarding the general meeting shortly after the AGM. Could you please maybe signpost us to where you found this information, or provide a source? This can be passed on to our Corporate Actions Team, and they can review this, and we can see if we can submit your voting options for the standard general meeting"
When voting, make sure that it is for the AGM & GM, both being held on 29th May.
ii corporate actions team couldn't find the GM (RTO) one
Yes, ii are not great at notifying corporate actions and the online voting is a bit hit and miss
I phoned them up, took 5 minutes
I watched the presentation and have voted in favor of the RTO.
The presentation wasn't great, but it is clear that the alternative is Nil for shareholders.
I can certainly see value in Chemoseed going forward. Just hope they keep us regularly informed in language that we understand.
Perhaps TW will be able to add a bit more meat to the bone as to what that activities this is for
Would rather see shares issued at 0.763 than use the cash raised at 0.6
Obviously some sizeable activities being paid for.
Would imagine some of these advisers are being used to satisfy financing conditions
Remaining signature from the 2nd bank is needed.
This will occur following a site visit (I'm assuming to inspect the security and policing which we have been told is done).
Site visit and signature occurring this month.
It's very simple, you don't announce project launch unless it's a done deal.
There are some really odd posters on here. Shares usually pull back slightly over lunch when they've had a good morning. Usually tick back up in the afternoon.
I like how TW thinks the Kefi telegram group makes the LSE asylum seem like a meeting of the greatest minds in the land although
From what TW has said, some people have been phoning up the 2nd bank to try to damage Kefi. Obviously some very bitter people around
With everything on track for sign off and a site visit the remaining formality and an Ethiopoean Public Holiday next Tuesday there are not many days left.
I'd expect the site visit this week and then the formal sign off dropping at any time
There is absolutely nothing wrong with profit taking and is to be expected as the project advances and its risk profile reduces. With the fundamentals looking so strong, good churn accompanied by a rising price is expected.
With 8 trading days left this month, the webinar and the site visit, i reckon we could see the share price somewhere close to the 1.5p this week
Into auction, always a good sign
Thinks its likely that somebody will take a significant stake within the next 6 months and that HA is playing the long game for great value
TW Bonus Bearcast, A good listen, Was made an insider last Friday with todays RNS
A site visit this month for final sign off, all on track, shares are extremely cheap ... This is happening
Project launch is a news worthy article for media outlets / journals to print.
This coverage will be good for the share price over the coming days
This is excellent news, simples
I'm hopeful of a Monday / Tuesday RNS announcing full funding sign off
Can't really see the point in doing the webinar a matter of days prior to sign when they won't be able to say anything new
What AMC said they would do is attempt to find a suitable RTO and complete by the end of March 24. Failing that they would pay a second special dividend.
What they have done is blow a stupid amount of cash over the last 12 months, taken us into suspension whilst telling us they were looking at 11 mining / commodity companies, missed the completion deadline and then out of the blue presented a pharma RTO whilst somehow tying us into abortive costs.
I don't think it is a suitable RTO for AMC's investor base and I don't think many would choose to be involved.
As i have mentioned, they should have pulled the plug 6 months ago when it was clear there were no suitable RTO's and not pursued an RTO at any cost.
However, the vote will pass because the alternative is a Nil return in Forever years time.
I don't like how we have got to where we are, but we'll find out in a couple of weeks once pharma investors are able to get involved what the market thinks of it. It may turn out to be a great investment.
This will be my last post on AMC / RY and the past. Going forward I will focus on the RTO and New Company.
Courtesy of Dancinfred on Telegram
https://youtu.be/0auyHpogsao?si=fBOJbMon5MgKAems
Worth a watch of what we are about to own