Great decision. Spend 2.5p (ish) per share, get 1p per share back more or less straight away and get cheap shares way below NAV. Seems a good deal to me but do your own research and make your own mind up.
I am very much in the camp of feeling badly shafted by Deepverge and want to write to the Regulators to support others doing the same. However, I don’t really have the time to research chapter and verse to do so. Anyone willing to share their representations so that I can piggy back onto theirs?
Just an irritating typo imo. Not plausible that he could have sold at 3.5p at that time.
CEO buying £105k worth at a 67% premium is a good enough indication for me.
MMs want shares, but will have to push the bid higher to get them.
Raising cash at a 67% premium in this market is amazing. Well done SYM! Should be a good day.
Can I just make a couple of observations:
1) The Yanfolila contract is separate and I doubt very much that Corica will put itself in clear breach of that contract, whatever goes on at Kouroussa; and
2) There is already a support miner working at Kouroussa. I doubt very much that Hum is as helpless and under the thumb with Corica as some are suggesting.
I reckon this will get resolved, but each to their own.
Getting rid of non core non profitable assets is a positive in my book.
Sorry, it was the Microsaic RNSs of 16/01/24 that were the illuminating ones, not so much the 16/02/24 one.
Incidentally, although Gerard Brandon, as former CEO, attracts most of the anger and criticism, in my view Camillus Glover, the former Chief Financial Officer, also has a lot to answer for.
Thanks for posting the info on complaining to the FCA.
I am abroad at the moment but will get around to writing my own complaint when I get back.
The Microsaic RNS of 16/02/24 and the latest (non independent) advice note from Turner Pope are illuminating and a must read for those of us ripped off here.
There you go. Business carries on as before really. Market reaction to the original announcement was completely overblown in my opinion. Judgement clearly wasn’t saying that plastic with D2W added creates micro plastics or fails to break down more quickly into harmless organic matter. It simply says that at the time the directive was adopted the EU acted legally. Most importantly, it did not, as I read this, contradict SYM’s view that the prohibition does not apply to plastics to which D2W has been added.
If your trade is at a price below the published mid price it will show as a sell regardless of whether it was a buy or sell. Similarly, if your trade is at a price above the published mid price it will show as a buy regardless of whether it was a buy or a sell. Crazy but true.
The fact that the EJC has declined to declare that the relevant Regulation was unlawful does not mean that Sym can’t sell its product. Firstly they have advice that the Regulation did not apply to their product anyway. Be interesting to see the full judgement and analysis on that aspect. Second, most of their D2W sales are outside Europe anyway and are unlikely to be affected imo. This is very far from the end of SYM lol.
Usual AIM over reaction. Bought more at 3.37 showing as a sell.
I see we are suddenly awash with tiny bot trades which are a frigging nuisance and tend to stick around once they arrive. Not sure if that’s a good or a bad sign or no sign at all!