Member Info for GedW

I firmly believe that Pala/Firebird have done their bit. They have procured seats on the Board. Why would they they invest further when they can can sell the Tunisian hole to external investors on the premis of resource fortunes. They only have to market the "product" from here on in. The tunisian donkey work " has been done. Yes I undersyand the alleged wealth. But so fat Diddly Squat. Nothing will come out of the Tunisian hole in the ground for years to come. !!!!

We now have name, the goat, who will now at all costs prove GedW wrong. name will now move heaven and earth to justify a positin and will not realise the Corporate agenda laid bare before the very eyea. Because personalityv emotions have have taken secondary objective Corporate appraisal. The issue as far as name is concerned is GedW's jeoulsey rather than GedW's objective rationality. MMS should be treated with extreme caution... I do 100% believes a further call will be made in the market for fresh funding...

Then in view of your observations, then that say less of your business acumen. I am an investor through and through. You have no idea of my relationship with this Co. My pervasive footprints are here for all to see. And you have no idea of what I know and what I report, but I report 100% true facts and not speculation. If that hurts, tough titty....

Hi name. I am not out to get you or be jelous. I just sometime have this annoying habit of reading between the lines and the small print in Company offerings. Maybe it is because I am who I am http//:fairfaxward.blogspot.com/

I think name has well ant truly lost the plot. There is too much emotive there to even reply. As an truly 100% investor with no emotion attached to my share dealing. I have no more comment to make, suffice to say, another one bites the dust, or not yet !!!!

Hi boredmum. Secondary offering. A fundraising in order to finance continued operations. Forget emotive suggestions here. I am a practical person looking at the full picture. There is no way MMS can function without fresh funding. The Scoping study merely determines the viability of continued operations. The next faze would be extraction. The Board of MMS have publicly stated that all current resources are earmarked for "study". So one has to assume there will have to be a fresh round of funding. As to the accusation that I am in some way jealous, I find that rather crass. I only voice an opinion based on Knowledge as I percieve it.

Back to roots.. This Company was floated, having taken investors money on the premis that it had, in sutu $900Mns now $400Mns worth of resource, the reason being, at the time of closure it was uneconimal to mine. Not a single ounce of that resource has seen the light of day, however £mns of investors money has been sunk in JORcCreports and now Scoping studies. Yes there are substantial shareholders who have invested "peanuts" . Wise up, the only people who are going to be fleeced are those that throw good money after bad on a further secondary offering. So now we are back to square 1. You buy the shares in a Tunisian hole in the desert at your peril...

Now that "name" has divulged the vast possible conergence of resource potential, which really is a non starter when one looks at the vast geography of the area. Word is that a massive secondary offering is in the pipeline in order to bring the resource to market, which by the way, is some 4 years away at least.... Make of the "Word" as you will...Some know a lot more than they are letting on !!!!

Today Barclays announce that they have a holding of 5.63% representing 9.52Mns of the issued shares. However the CUS website is hopelessly out of date with regard to Holdings. Winterfllood Securities Ltd controls 10.06% or 17.02% of the voting shares, these were acquired on 23rd January. Whatever is happening to this Co looks like shareholding Corporate activity is gathering apace...

As if on cue !!!! ZA International was the counterparty to the two parcels of 2.525Mns trading.... We shall now see if these trades can gee up the Board of DLD into action rather than semantics trading...

Now we are moving into more positive news territory as Holdings just announced by Montpellier that they have acquired 2.525Mns (1.25% of the issued shares) sares paying 5.5p/share.... We could well now see the Board of DLD pushed rather than waiting for them to jump. We shall see how this debacle unfolds. A further 2.525Mns trade at 5.5p/share on the same day yet to be reported.

This website might be of use for techie learning... http://www2.barchart.com/support/learnopn.asp?code=BSTK

According to Corporate news released today, the Board have issued an upbeat trading statement suggesting trading has advanced and although more or less in line with expectations are continuing despite economic downturn...

Any listed Company planning a De-Listing will have sent out to members on the register at that time a takeover timetable which will be included in the offer document and the offer terms, including offer price and that will clearly spell out the share offer terms... Once all the conditions in the offer document are satisfied, then the offer becomes "wholly unconditional as to acceptances" Then a de-listing timetable is set. The bourse's share price normally is in sync with the offer price at the time of delisting, but the shares will effectively be untradeable on the exchange by then once offer becomes wholly unconditional...

Came across this small piece regarding non exec Directors.. What is interesting is the tenuous William (Bill) Hamilton Turner's connection with Dawney Day Carpathian, which I believe is now Carpathian CPT. http://www.trinitycapitalplc.com/directors.html

Should enough members of any listed Company vote for a de-listing, and depending on which of the two de-listing options is taken, Court approval too, whether assets stay with the de-listed Co or are sold as a Business asset sale rather that a share sale. In a business/asset sale the member mix stays the same but has cash instead of assets in its NAV mix, on a share sale, the new membership mix has all the original assets still in its ownership. Whether there will be a hiving off of lucrative assets and sold off to the highest, or lowest bidder to realise cash is for the Board to decide in the best interest of its shareholders and seek member approval at some stage for such a strategy. Should a Co de-list its shares, nothing really changes except that the shares can no longer be traded on any exchange but becomes a privately owned business just like any other private company controlled by its members, there will be no need to change the company name except its legal status title. The matter regarding the process of de-listing has been touched on in the General chat arena "de-Listing" sub heading. We are too much into the realms of speculation here, but there are so many other UK listed Co's whose foreign property assets values are far in excess of current market cap. Corporate news regarding TRC is scheduled later this month, when the Board will release further details of the review which could possibly include "a scheme of arrangement"...

Net Asset Value (nav)), as we know, is the total assets minus total liabilities & preference shares. The nav/share is nav/number of shares in issue. Regarding share buy back/re-purchase the number of shares in issue will be reduced, and those shares bought in will be resigned to Treasury status and will not qualify for dividends etc, the contra result is that the cash used to buy back shares will reduce the nav, as assets, ie cash used to re-purchase the shares is reduced, so the resulting NAV/share should in theory stay the same ceteris paribus. However market forces tend to, but not always, mark the share price higher. 14% stockholder Activist investor Carousel Capital has has forced two of its Directors onto the TRC Board as non-execs. It is calling for a breakup of the TRC fund valued at some 141p/share. Carousel wants a distribution of capital. My guess it will succeed. Deutsche Bank holds 4.55% of the issued shares. I believe Carousel will sway fellow members to adopt its strategic review.

Hi kojebee. For anyone who might be unsure on takeovers. There are only two types the first is the recommended offer. This is where the Board of a "target" Company is approached by another Co with a "buy out" package, if this package fully values the target Co then the Directors of that Co will "recommend" it to the members. If the Directors of the target Co believe the offer is not in the best interests of the members it will reject the approach, then, and if the offering Co truly wants that target Co it can, either up the ante or if it believes the Board of the target Co to be dragging its feet can turn the bid into the only other option 2 a "hostile" bid. http://moneyterms.co.uk/hostile-takeover-bid/

This is outside my sub £1 penny share comfort zone, but TAP is well and truly on my radar. CIC Has taken a 28.9% interest in TAP on behalf of OMX Securities UK LLP after a transfer and taking control of some 41.25Mns shares from Trefik Ltd and Scweco Nominees.

Sounds familiar. The proposed takeover is turning into a saga of epic proportions....I can understand the Board's reticence, but it is the shareholders will eventually vote on any deal. Why cannot Prostar just go away and buy up all the stock in the market and then put in its offer that makes much more sense instead of the two sides procrastinating like they are, they are turning any possible offer into a shambles with their bickering...Prostar make your offer hostile and be done with it... http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2091001&source=RNS