Member Info for Fukurokuju79

Ok TSP....but it was actually posted last night after refreshing my memory around the (banned word) raise element of the required capital. Have a good day.

Fair point

You're right I should have gone with some thing less pretentious like topsharepicks or L2analyst. Go pick on someone else. No idea what your game is getting personal. Totally unnecessary.

You can be 50 and immature.....and I believe you are just proving my point so keep it up x

If insulting genuine long term holders here is your thing you crack on.

It was titled equity raise as it related to......you guessed it....the resolution on an.....

I have just come on here. I was here for years!
What are you talking about. My post was in relation to the resolution passed at the AGM.
Simply about my interpretation that perhaps the equity element of the capital we need appeared to be capped at a max value of £50 million. Which I saw as a positive thing but I was mistaken on my interpretation.
I never said they will issue 500 million new shares, I was simply referring to the details in the AGM resolution!!
Everyone knows we are raising capital, and some will likely bbe equity. You seem to suggest no one can mention anything remotely true if it could be incorrectly considered negative.

TSP why be so immature. I am respectful on these boards and have been here years. I wont even lower to your level.

TSP....i ha e been here years and have plenty invested so give up on the conspiracy theories. Surely its aspects like this that us communities on these boards are meant to discuss and clarify with one another. Rather than incessant immaterial ramping / deramping statements. I don't expect a hanging on here if I misinterpreted something.I was just trying to have a more discussion about a statement the company made. Will leave you all back to the daily commentary. Way too may ego's here. Good luck all.

Ok. I get the maths the maths and principles. Just when I read it the mentioning of up to a max of £50 million nominal value had confused me. In my head it set two parameters to the equity raise 1. No more than 500 mill shares max (obv depending on the amount and price), 2. No more than a value of 50 million by value of equity raise.

Based on the comments here I accept it seems I have misinterpreted due to the term nominal thats used. Cheers.

That's a lot of capitals. Cant we have a civilised discussion here. I am not saying I am correct, just saying what I interpreted and sharing the context. Happy to be shown if I am wrong. I know they dont have to issue those its a maximum. My confusion is around the statement of it being up to a max value of £50 million. Sounds like we are saying thats a red herring I misunderstood when reading last night then?

Ordinary Resolution 10: Grant of authority to the Directors to allot Ordinary Shares

It is proposed to authorise the Directors to allot Ordinary Shares up to a maximum nominal value of £50,000,000 (representing 500,000,000 Ordinary Shares), which is approximately equal to 372 percent of the Company’s issued share capital as at 16 November 2018 (being the last practicable date prior to the publication of this document).

Addicknt, I still interpret it the same. What do you read.

Damn sorry wasnt meant to report that

Equity raise

Was just recapping on the AGM resolution to approve up to 500 million to shares. I hadn't remembered this but on reading it it stipulates that it will be used to raise a maximum nominal £50 million. So obviously they always intended to raise most of the remainder 50% financing via capital. Obviously still expecting dilution, but even at this price if they capped equity element to £50 million its not awful give the npv values it unlocks.

Let me read again.

Npv's not npv values lol...ignore my broader bad grammar I have used.

Equity raise

Was just recapping on the AGM resolution to approve up to 500 million to shares. I hadn't remembered this but on reading it it stipulates that it will be used to raise a maximum nominal £50 million. So obviously they always intended to raise most of the remainder 50% financing via capital. Obviously still expecting dilution, but even at this price if they capped equity element to £50 million its not awful give the npv values it unlocks.

Yeah no worries :)

Just saying, it may be red herring. However doesnt change the overall view of the potential here however it plays out. Gl all.

Hanwa are Japanese. Not sure re China.

I m heavy here but not sure that Reuters article was BCN myself. Descriptions seem to fit better to a Canadian company who have an area 'El Nogalito' in Sonora. They are called Rock tech. Just my opinion. Either way, I believe this has a long way up with the right news in the next month or so.