Yep Bermondsey, I think it was planned to be a soft-landing. SP behaved today so looks like it was a possible distressed seller and the shares appear to have been snapped up hungrily with no ripples in the pond as SP is stable.
Agreed. Septic Sisto Strikes Again, so shareholders must strike back. I get the point about them perhaps needing to have the right to raise capital but not now, sell something, that's the point of TERN - develop and sell at a thumping profit.
It might have been delayed due to the size of the trade and the price which was at a discount to the SP on 17 May. Not sure why this would have happened unless someone had to sell for some reason. If they were selling due to expected bad news they could have sold at a much higher price on 17 May. Weird.
Having spent 2 years in TERN and most of it has been bruised. My view (no one cares but you're getting it anyway), Sisto and FD are dorks; however, DA and Wyld have some good wares.
IMHO what has been going on is not P&D, it's just too damn big in the nature of buys and the SP rose too high to be a P&D.
The bedwetters will run and whimper but I do feel there is some big thang going on here.
Take care folks, enjoy the ride, don't check in too often as it will send you crackers and good fortune for those that are prepared to wait a bit. DA and Wyld have services/product that out-trumps Sisto and FD clumsiness.
A thought: The reason they need an the 'option' to raise shares might be to ensure they don't get painted into a corner for an offer for DA or Wyld. If they can't finance via options a predator might make them a lower offer for DA and Wyld which they might feel compelled to take to make the wider TERN work.
Also, do some digging. The septic Sisto is also privately a significant shareholder in DA in its own right (outside of TERN) and giving his advancing years (and obese size) he must be wanting the mother of all offers as well.
Keep the faith you misfits ;oD
It's going to be volatile here until they start mining fully, just patchy bits of info at the moment.
But please remember, the court date is to agree a figure for compensation if a figure is going to get paid - it is not to award the payment with a subsequent payment to follow, it is merely to agree the figure for compensation. If a nice figure is agreed it might lift the SP slightly.
The only things that will boost the SP at the moment are (IMHO):
1) Positive news on mining
2) Cash awarded from damages as agreed in a final court settlement
I see both the points above as being a long wait, possibly to the end of the year.
Just my view. GLA.
Well done folks who stayed invested here, I just didn't see the improvement coming as TERN has been up and down for years and I have invested in it 4 times over 2 years and made losses and cashed out a few weeks ago at a thumping loss and missed the boat on this rise. Well done holders. I think I've missed the boat now. GLA
Folks, the SP is going to go up and down like a yoyo for a bit. We've had the BoD lay out their reward strategy with share options which paints an ambitious picture, yet we haven't had any more info on the state of play of new kit and crypto-mining and when and how much reimbursement me get from legal shenanigans in play. There is a lot of play going on, I'd wait till we get some updates but wait it is, this short-term volatility is just traders and MMs lapping it up.
Indeed. Look, this is to sweeten their troops and let's face it, they have come back from the brink and are planning well for the future, if they can get this baby flying then I can't begrudge them some sweet nuggets back. Let's hope this turns into magic beans and the bean stork grows very well. GLA.
Agree CFN, this will be a slow burn and then a nice big glowing fire of opportunity.
There'll be ups and downs along the way, par for the course, but potentially strong upside over here but it will take a little time. GLA.
There are strange antics going on with this share, but I think that's all it is, antics. There is a big investor who isn't an idiot (ZOE) and some interesting irons in fires with CLP, the prob being that given it's current circumstances of waiting for recompense money and investing in mining kit the company is vulnerable to shenanigans. If you believe in the company then don't worry and go and enjoy a nice drink, if you have REAL doubts then it's your money and do what you feel is right.
I'm staying put. Why? Well, because I think CLP is on to some good things and I know that companies like these at a sensitive junction in their progress are vulnerable to the hyena and vulture.
GLA
Gaza, I think many of us are waiting on news updates, not much to say really until the BoD start talking to us all again via RNS