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http://yle.fi/uutiset/government_confirms_plans_to_sink_112m_more_in_talvivaara/8082227
Nice one Wimbledon
Haha, it's still not certain, but I'm fairly confident
I think we'll get our money back, maybe even make some. Only need a 2/3 vote out of 80,000 PI's. Who on earth would vote against it? Anyway, here's the latest article: http://yle.fi/uutiset/solidium_varovaisen_myonteinen_talvivaaran_velkasaneeraukselle__kasissa_piensijoittajien_kohtalo/8062629
Ok, thanks Ardtole
Aren't the 8 weeks up tomorrow?
Audley didn't have enough to fund the heaps. They only had 200 million euros to play with as far as I know
So, total number of shares will be 6,596,782,480. If you multiply that by the figure of 0.1144 euros, then the company worth equates to €754,671,915
Yes, that's the way I understand it. So, we should be ok. Total number of current shares is 2,096,782,480
What about the other £89,000 of shares from the placing?
False alarm. Has been edited
Have a look at the trades on lse chaps. 125,000 shares at 8p for £10,000 at midday. Any ideas?
Has there been news Confu?
Blimey, where do I start? Jcb - you want to tackle this one, and I'll add my two cents?
Yes, I believe so. I hope we get re-listed soon. I've been trying to find out what the Morocco asset is, but as we all know, information about Xplorer, Sprint etc is hard to come by online. This is the only related information that's in the RNS of 12th Feb last year: "Since our last update significant progress has been made. Our partner and major shareholder, Sprint Capital, has now identified, agreed exclusivity and is in advanced diligence enquiries with two acquisition targets. The first target offers existing mid-scale production with growth potential and the second target offers significant exploration upside. Both assets are situated within a similar geographical region."
Placing of New Shares, Update on Company & Total Voting Rights Xplorer plc (LSE: XPL), the LSE Main Market listed investing company, is pleased to announce that it has raised £99,000 from the placing of 1,237,500 new ordinary shares of 1 pence each ("Ordinary Shares") in the Company at 8 pence per Ordinary Share (the "Placing"). On 18 December 2014, Xplorer announced that it was in discussions regarding a proposed acquisition of oil and gas assets in Africa (the "Proposed Acquisition"). The Proposed Acquisition would be conditional, inter alia, on the Company raising additional equity finance for which there is no certainty that the Company will be able to conclude successfully. The Proposed Acquisition, if exchanged and completed, would constitute a reverse takeover under the Listing Rules. As the Company was unable to provide a full disclosure under Rule 5.6.15 of the Listing Rules, the Company requested a suspension of trading in its shares. Since that announcement the Company has been working to progress the transaction. With the weakness of the oil price, relative to the last five years, continuing, the Company has decided to focus on just one of the assets at this time, located in Morocco. The Company continues to be unable to provide a full disclosure under Rule 5.6.15 of the Listing Rules at this time, and the Company's shares remain suspended. The Company hopes to provide further information shortly. Total Voting Rights As at 4 June 2015, the Company's issued share capital will comprise of 13,612,600 Ordinary Shares (including the 1,237,500 new Ordinary Shares). This figure of 13,612,600 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
I think so. That's the way I'm reading it, but maybe that's just Google translate
Audley didn't raise enough cash, so Talv should be ok: http://www.taloussanomat.fi/porssi/2015/06/03/talvivaara-velkojen-vaihto-on-kaikki-tai-mitaan/20157130/170