Member Info for GETINTHERE

Marklee

MM stated that the MCC was being delivered to site mid July, technically mid July is next Tuesday, of course it could be a few days either side, and then it needs to be connected to all of the cabling that by now they have run, so, I just think that completion is likely to be announced the following week mate.

That said it doesn’t matter the project is moving forward every day and we are getting closer and closer to full production.

Nmh19

I personally think we won’t get news until week commencing 22nd mate - but who knows !

Thrifty girl

Good luck I hope it works out for you, personally I can’t see that investing now makes sense, because the debt for equity dilution is going to be massive and I can’t see the SP being anywhere near as high as it is today once the new shares have gone live, if, they is, the deal goes through, which is not guaranteed as their shareholders need to agree the deal once it’s hammered out.

I will consider investing again once the dilution has taken place, and not before, but, I could of course be wrong, it wouldn’t be the first and I doubt it will be the last time !

In this game you pay your money and you take your chance, I’m just not prepared to pay any money at the moment

Olli

The SP could easily drop further today it wouldn’t surprise me to see a close in the 5’S and on Monday the carnage is likely to continue I’m afraid

Nmh19

How many did you buy mate

Thriftygirl

TCG owes £1.5 billion and Fosun are considering investing £750 million, that’s half of the current debt, so I’m not sure how you can say that the debt will be wiped out, sorry but it won’t be.

The SP will drop further there is no way that the market makers will hold on to 40 million of these till Monday so they will drop the price to tempt buyers until they can sell most if not all of them

They are saying that they may let you buy more shares, not that they will masks an offer for your shares

Gareth

I did not say you were thick mate.

I do think that you have not read the RNS in its entirety and understood what it means.

They are not making an offer for the company, they don’t need too, they are negotiating what is effectively a take over which already had the boards backing.

They are going to provide £750 million to a company that closed last night with a total market capitalisation of just over £200 million, and debts of £1.5 billion.

If, and it is by no means a fire gone conclusion, they can subsequently turn the company around, then at some point in the future the SP may go up, but, the £750 million is apparently going to be paid for in equity (new additional shares) the dilutive effect of which will likely mean an SP of circa 2p, if, and when it actually happens, and by the way, their shareholders need to agree whatever is finally negotiated, and they may not.

If someone said to you hey look I’ve got a company that has debt of £1.5 billion, and is currently valued at £200 million, will you bail me out with £750 million so that we can hopefully become profitable again at sometime in the future, wouldn’t you expect to own most if not all of the company ?

That’s the position mate, it’s not nice, but it is reality, obviously speculators will buy in and sell out whilst all of this is going on, but there really are only two possibilities here, the first is as described above, the second is that TCG go into liquidation.

TCG shares are getting hammered I’m glad I sold out of them a long time ago I can see the SP dropping to 2p

Gareth

People take out a shirt because they expect the SP to fall, what they have effectively done is to sell shares that they don’t own at the time they take out their short, when they close the short at a lower price they do not end up with the shares they end up with the profits they have made !

Bfath

Based upon the market valuation prior to the announcement, the dilutive effect of a £750 million issuance of equity would lead me to believe that the SP is likely to drop to circa 2p.

I am not currently invested here I have been previously, I genuinely feel for all of those who currently own shares, good luck to you all.

A £9 buy, now that’s what I call low volume !

Thanks STV

Have patience time changes everything

Ponfiegh

Yeah low volumes would seem inevitable until we get some news which is unlikely until the third or more likely the forth week of the month.

Ah, I see, good.

Kev

I couldn’t tell if it was a buy or a sell mate

Only 3,260,455 Shares traded today, and until we get further news I reckon the volumes will remain low given that those who are holding are unlikely to sell at anywhere near these prices.

I can’t see the concentrator mcc connection being completed until towards the end of next week or early the week after, but once it is, commissioning will begin and our ramp up to full production will begin, slowly at first but then gaining momentum as any little problems are ironed out.

Chaser

I suspect he took them off so he could look through his binoculars mate !