Member Info for dflynch

Could only be a worse situation if it sank!

A year ago TRMR was 104p and BYOT 5.125p

Today TRMR is 708p so perhaps we might see BYOT at 35p sometime future – given SST1’s forlorn interest.

Just saying!

I have him / her on filter so can only guess what she / he might be spewing out. It also appears on the TRMR BB where the majority now filter it. Opinion is that they are dealing with someone who is mentally ill and caution is advised. Hence the filter - hopefully when they don't receive the oxygen of a response they will fade away. Sad really but they appear beyond help!

"The Convertible Bonds contain a covenant relating to a restriction on incurrence of indebtedness."

It would be useful to have a link to the document which contains this covenant.

Publication of attributable wording does not allow the researcher to establish either the context or the credibility of what is claimed. Access to the complete document would.

DYOR

Interesting.

Research provided the following:

"Members' power to require directors to call general meetings (sec303 - sec304)
The directors must call a general meeting if so requested by the holders of 5% of the voting shares (or 5% of the voting rights if there are no shares). (The figure was reduced from 10% to 5% by the Companies (Shareholders' Rights) Regulations 2009 (S.I. 2009/1632), reg. 4(2).
The request for the meeting must state the general nature of the business to be dealt with and may include the text of a resolution to be moved at the meeting (provided the resolution would not be ineffective (e.g. under the Act or because contrary to the company's articles, etc., and provided it is not defamatory, frivolous or vexatious).
If the request is properly made, the directors must within 21 days call the meeting for a date not more than 28 days after the date of the notice calling the meeting. If the request included a proposed resolution, that must be included in the notice, which will then be part of the business that can be conducted at the meeting. (If it is a special resolution, the notice of the meeting must say so, in accordance with sec283, above.)"

So if this is correct CA could obtain an EGM in their own right, and propose a change in the composition of the BoD.

I am sure that CA would get a lot of support from us PI's, if this was to occur.

DYOR & CSVP

Jet2 holidays selling like hot cakes"

Yes - but by the time the HIGNFY Team at No 10 allow them to be delivered - they will be cold!

Who wants cold "hot cakes"?

“…They will need real demand from US investors before they can list properly over there, which would either mean a very large capital raise for an acquisition or for some current shareholders to sell down and place their shares with US institutions…”

Interesting point, where will the Banks obtain the required underlying shares for packaging into an ADR?
Usually by purchase from the market – implication increased demand = increased SP. Alternatively by a new issue of shares – or, utilise the already supply of dormant shares issued, but held in Treasury.

We live in interesting times!

What would be the effect on holding your shares in a SIPP / ISA?

Tax would have been taken from the Dividend by US authorities. Normally this can be set off against the UK liability. But if held in ISA / SIPP with no tax liability then could the Dividend tax taken be easily reclaimed from the US tax authorities?

Peruvian copper mine suspends activities owing to protest blockade (Reuters (Lima)

The Antapaccay copper mine in Peru announced that it would suspend operations owing to an ongoing blockade of the road leading to the mine, which is owned and operated by the Anglo-Swiss company, Glencore, Reuters reported on the 11th March. Since the 8th March, residents of Peru’s southern Espinar Province have blocked access to the Antapaccay mine and which accounted for 8.8% of Peru’s total copper production last year, demanding increased compensation for COVID-19 relief as part of ongoing payments for the mining of local resources. This is the latest in a series of incidents illustrating indigenous pushback against international companies operating in Peru, and the extractive industries in other Andean countries. Glencore has urged the 11 local communities involved in the dispute to open a dialogue with the government to reach a consensus quickly. In August 2020, locals entered the Antapaccay mine and attacked a pumping station supplying water to its mining operations.

RNST

It is arguable that the BoD has its full complement of “yes men” already in the form of the non-executives – the problem is whose interests are they safeguarding?

Not the shareholders if current BoD performance is an indicative guide!

?

kerogencap.com probably contains much of which you might want to know.

It has been previously speculated, I believe, on a link between Marris's sorjurn in the Far East and the base of Kerogen ops.

Inscrutable situation?

DYOR

What price though?

Certainly above CA's average.

I would think!

BIDDS

The information was taken directly from the RNS, no additions no subtractions, no manipulation.

You are absolutely wrong to say that it is misleading!

Crystal Amber RNS Monthly Net Asset Value

Shareholding in Hurricane Energy:

Pence per share 10.2

Percentage of Investee equity held 11.8%

Indeed does he read the HUR BB's - possibly commenting anonymously?

If so I wonder who it could possibly be?

I think that information as to who currently owns the CB's, estimated cost and % held would be useful in deliberations.

2020 Full Year Audited Results

From the Chairman’s Statement.

“We do believe that the realization of the significant value that exists within Tremor's platform, technology and teams supplemented by the recent share buybacks has resulted in a re-rating of the business, which is beginning to create significant value for all our key stakeholders.”

As previously advised HUR must purchase the whole CB issue as they cannot be redeemed piecemeal.

Any large-scale purchase of the CB’s in the open market will affect the price and the implied discount.

It is open for a third party - in concert with HUR - to purchase the CB's piecemeal and in a fashion that would not alert the market and cause price volatility. Once secured the CB's could be obtained by HUR from the concert party on previously agreed terms.

The BoD agreed to the terms of the CB. Terms which they are unwilling to share with the investors who employ them. Such confidentiality place ordinary shareholders at risk, as they cannot properly evaluate the financial implications of the CB issue. They are totally dependent upon the integrity and competence of the BoD who jointly and severally made the decision. This dependency continues until the CB’s are redeemed.

The question therefore must surely be, are shareholders confident that the BoD are acting in the best interests of shareholders? And, specifically, are the non-executive directors exercising proper scrutiny over their executive counterparts – particularly in the light of Crystal Amber’s recent statement?

I have him / her on filter so can only guess what she / he might be spewing out. It also appears on the TRMR BB where the majority now filter it. Opinion is that they are dealing with someone who is mentally ill and caution is advised. Hence the filter - hopefully when they don't receive the oxygen of a response they will fade away. Sad really but they appear beyond help!