Member Info for Dannyspaniel

We are all just speculating here. They are trying to save the business. There may be over inflated assets, there may be less cash. If Shetty etc have ‘stolen’ or acted unlawfully, the company can sue them and potentially cancel their remaining shares. It won’t be a total loss.

Sold without his knowledge??

Someone must have seen cash balances before signing the last set of accounts. £325m can’t just disappear can it??

We don’t know what the proceeds were used for. For all we know they could be paying off debt.

Do we really think that Shetty, 77 and semi retired would destroy a lifetimes work and his family’s reputation by committing fraud?

Significance of March 23rd is??

Were they sold in secret or to pay off debts which was outlined in the original book build. Subject to lock in unless to pay off debts. Why would they state that? If it’s a secret, why do we know????

For my few pence worth. I don’t believe this is outright fraud. However the senior shareholders have clearly not been controlled in any way. Poor governance and over leveraging for sure. If it’s not fraud a rescue more likely as governance and leveraging can be sorted out. This is why they need everyone. If company was busy they don’t need all of these advisers. Truth will out but I suspect ceo ousted as confidence in him as overseer shot to bits. Treasury individual almost certainly tried to cover his backside. If revenue/profit sound then we should be ok after new leadership takes over. Although I don’t see £15+ for a good while yet.

Well that’s a good sign as they are convertibles.

Still beggars beliefs the size of the ii investment. Would they not have allowed for the worst case scenario. It was very much out in the open, surely the MW report, margin calls etc would have been considered from a DD perspective before committing hundreds of millions?

15% up in 39 mins often means someone is buying!!

No massive buys as yet, but a lot of smaller ones

10per cent in 20 mins, that’s a big spike up

The book build in Jan confirmed a director 360 or 180 day lock in on shares unless reducing personal indebtedness. Do we think that they have disregarded this, or could they be selling to take down further debt, with ithmar looking after the rest?? Seems as likely as “they are all crooks”.

They sold in the week up to suspension and shares picked up a bit. Hope for some better news soon and at least at rns tomorrow.

What is the probability that the shareholders who are no longer on the board have sold their shares to repay personal debt? Why are we assuming it’s bad news, it could be a case that the debt refinancing is happening very quickly, perhaps using the director equity to repay??

Apologies. Holding quite a bit in NMC, all positivity gone. This one looks good though, great consortium they have set up.

Took £5k profit from esl to take a punt on this hoping for a “bagger”. China coal don’t mess around and the Sheikh is well connected. If this wasn’t a penny share I would see nothing but opportunity here. Only question is what happens with no LOI, are oracle the only group looking for a license to develop this? What about the firms developing the existing sites??

BRS is looking to advisers to sort out his holdings/liabilities, KBBO and SMB have given away control. What if the bidders came in and simply bought their holdings. That would be simple enough!!!

Have a look at nmhly, the ya listing for nmc, up 25%.