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Hi all
I rarely post but Thought I’d share my experience at the AGM today.
Sentiment was much more positive than the last few meetings i attended. Nothing new from yesterdays announcement . Lots of interest and activity, just waiting for some official approaches.
I attended the AGM yesterday although was about 15mins late so missed a little bit of the presentation (I was the one who asked the question about missing deadlines). Tony answered the questions asked and I was satisfied with the answers. Everyone is unhappy with where the share price is but I see a way this company will progress and therefore will be holding and possibly adding to my position.
It’s not as simple as seeing the share price and equating to what tony , and some of the other larger individual shareholders , would receive. More often than not when these takeovers happen the principal shareholders can be retained as directors or board member in any new company that can carry a nice salary. So they won’t be too upset to lose money on the share price if they are compensated other ways.
I’ve emailed the company today to voice my displeasure and ask for someone or get in touch to answer some questions. Let see if there is a response.
Financing is not tied to DOID but they are the logical suitors at this point. After todays RNS I’m even less sure what our current position or strategy is than I have ever been since I first invested in this company about 7 years ago.
Tony Manini gets blamed for A lot outside of his control but my god does he deserve most of the bad comments about him. Literally a textbook case of how to alienate your shareholders. Very poor show!!
The sp action is very disappointing. I can see those who wanted the outright sale of the company being upset as this is clearly a long term play now.
Not sure how people had seen this being funded outside of a deal like this.
Seems like they intend to raise the remaining funds using DOIDs contacts in that field. Don’t think dilution is how they intend to keep this going. As mentioned GGP have done very well out of a similar deal.
Is it spectacular? No, but this is how these deals get done and mines get built. It is very good news in the long run.
Halfway through it so far but why has it taken Tony this long to speak on the aeterum deal like he has here. I like the questions the interviewer is asking and how he is pushing Tony for some real answers.
Seems highly likely aeterum are the big seller. SP is going nowhere until they are out
Didn’t tony say that aeturnum did pay the money to initiate the transaction ie legal fess. So maybe the hit of the failed transaction to the bank balance isn’t too much. The cash burn rate is also very much related to any ongoing drilling or operations. Is there much happening at all at the moment that would burn a lot of cash?
I think it’s the get out clause to only purchase 5% which is spooking the market. Can’t quite tell of that 5% would require the further 7.5 million or just the initial 2.5 million. Either way until it’s signed off some will remain skeptical and want to de risk
More interested to see if they deliver the bfs on time than drill results which don’t seem to move the market at all. The RNS on 18th oct stated 4-6 months for the extended drilling and studies to be undertaken. 18th April will be 6 months. Would be a massive own goal if they miss this timescale. It’s one thing that annoys me about junior mining companies when they set their own deadlines and miss them continually. I know the delivery of the BFS is in the hands of a third party but it won’t look great to the market if it’s missed. I won’t sell any of my shares as I firmly believe in the assets/ team but I really do hope we get it in the next 2 weeks.
Not sure you are understanding what you are reading or how these companies are valued nickel. I did do a quick look at you’re other posts on other company bb’s. I’m sure people will be shocked when I say they are heavily screwed one way.
Btw Please feel free to give examples of other companies that you think justify your assertions
guys its not facts!! I share the same positive sentiment as you all but lets call a spade a spade. People didn't like chartists running commentary which were at least opinion and chart based.''I’m fully expecting this to a SOLG rise from these levels over this year.''''Some great money moving in here this week think we do have some serious back ground buyers at the moment''''Only the start.''''You know a big move is coming here shortly , don’t sell yourself short''''Big gap up to 9p area .''none of these are facts. All separate posts here today and im not even including the ones over on ADVFN.