Member Info for DMcG54

SirJames, the reason for SP drop is that we are still in talking territory and not doing territory. Until they start doing in palatable quantity it's just smoke and mirrors. And before I get chimed down I'm talking common sense and am a holder.

God this share can be agonising at times. Let's hope we get a great report soon. GLA

Perhaps this is what FG is planning :)

https://www.dailymail.co.uk/news/article-9628873/Police-discover-giant-cryptocurrency-West-Midlands-drug-raid.html

BW: Happens to me all the time with TERN, I'm not selling again and am locked in and raring to go with this one, but it will be a wait yet. I'm stunned Amazon, Msoft, Google haven't made a play for DA, would have thought it's an obvious acquisition.

A few people getting bored and selling, small volume so not alarming. The big sell recently just seems anomalous and doesn't appear to be something to worry about otherwise this would have tanked in a sea of red by now. GLA

True roob, we've been here before and it gets stalled with this court case caper. Also, some of you please get it into your heads that whatever happens in court soon it will not result in any immediate dump of cash into the company's lap, the court case is to agree the value of damages not to award the damages, another set of hearings will have to take place to get award once we are past the initial hurdle of a value. This could drag on for years and to be frank is nothing more than a big fat distraction - the real news has to be around mining - WTF is going on there we've all been expecting an update and we get zilch.

TBH I think this is far bigger than any of us can imagine and it's far too big now for Sisto to control. Events and other interested parties are going to change TERN in the short-term and it will be around DA. Sisto will soon find himself watching on the sidelines - I expect it's the best place for him as I think he has a major stake in DA personally so he's going to get wealthy whatever. I expect he wants the money from a DA sale to pump into the other businesses - hmm, we want an whopping SP rise and a big fat dividend Sisto as we, the humble PI, have been bankrolling TERN for years. Good things a-coming and too big for Sisto to mess it up. GLA.

SP is probably dropping because a few folks are feeling a sale in the short-term is looking unlikely and a placing with dilution more likely. AS has to start instilling more clarity and confidence on the way forward.

A Sh1its0 more like. Septic Sisto is just a useless tub of lard

Sisto needs to go-go. Also, they have to start priming assets to sell, that's the whole point of their business model. TERN needs a shakeup and PDQ

Sisto is the wrong person for the job.

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.

To quote ZZ Top, this baby got legs, and she knows how to use 'em.

Something big is happening. GLA

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

I'm back in again, only a modest £5K but hopefully the sky's the limit :)

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.

Reasonable trades today and more buys yet 10% spread - MMs really much about with this share. Let's hope we get a thumping good update soon, next month I think...?

Fair points Cam. It looks like Tern has turned the corner ;)