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Not entirely sure really. There's lot going on behind the scenes
http://www.towerresources.co.uk/_site/wp-content/uploads/2014/05/Corporate-Presentation-Q2-2016-8-April-2016.pdf Why Zambia? ‘There is no oil there….’But has anyone really looked? No Jesus Christ. There's no oil in my back garden either. Do I need to look? BOD would probably dig it up tomorrow, given the chance.
http://www.ess.fi/uutiset/kotimaa/2016/04/01/Valtiovarainvaliokunta-kannatti-Talvivaaran-lis%C3%A4rahoitusta The Finance Committee supports the Talvivaara additional funding. The Board further budget proposes an increase of EUR 38.5 million to be used Terrafame Group an increase in shareholders' equity. The amount is the same, that the withdrawal of the government has presented a budget allocated to Talvivaara's bankruptcy estate. The state has recapitalised Terrafame Group last year to a total of EUR 209 million to the former Talvivaara mine ownership and financing arrangements. Terrafame acquired Talvivaara Sotkamo bankruptcy estate of its business and assets. Terrafame is from the fall pushed the Sotkamo mine up. The Finance Committee, the State must, however, set out the criteria according to which the period between shutdown and the operation of choice for the continuation of the mine. According to the State Committee continues to be pursued is prepared for significant additional funding.
Anyone have an y idea?
Who knows really... I guess it's good news in terms of stepping in the right direction
In 2010 Talvivaara Mining Company Plc ("Talvivaara") issued EUR 225 million in senior unsecured convertible bonds (the "Bonds"). The extraordinary general meeting of shareholders of Talvivaara held on 27 January 2011 approved the issue of special rights in respect of the Bonds. Talvivaara has received conversion notices pursuant to which Bonds amounting to in aggregate EUR 4,600,000 are converted to a total of 2,035,396 new Talvivaara shares (the "Conversion Shares"). As a result of the conversion of the Bonds, the total number of Talvivaara shares will increase to 2,098,817,876 (including 192,883,000 shares held in treasury by the Company not carrying any voting rights). The Conversion Shares were registered in the Trade Register on 30 December 2015, as of which date the Conversion Shares will carry shareholder rights. The Conversion Shares will be listed on NASDAQ OMX Helsinki Ltd (the "Helsinki Stock Exchange") from 4 January 2016. Trading in the Talvivaara shares on the Helsinki Stock Exchange has been suspended since 6 November 2014 and trading in Talvivaara shares, including the Conversion Shares, will continue to be suspended.
What's going on here then chaps???!
Wrong board??