Member Info for GheeBhee

No Easy Looks like former backers are being given a way out to me. Why would anyone give up 8.5% now that the London Capital and Finance bond isn't available?

"On 30 April 2019, the Company, with the assistance of J.P. Morgan Cazenove, commenced a reverse bookbuilding process (the "Existing Convertible Bonds Buy-back") with the intention of purchasing any and all Existing Convertible Bonds from holders. The Company expects to fund the cost of the Existing Convertible Bonds Buy-back out of the proceeds of the New Convertible Bond Offering."

I certainly don't blame them, not now I've read the last two updates anyway.

So he didn't update shareholders despite pushing out an email update, so I'm told, on 3 April, which is the same day as the relevant filing at Companies House.
https://beta.companieshouse.gov.uk/company/11321836/filing-history

Apparently BT has just bought out an Eridge Capital Limited subsidiary! Eridge Capital (UK) Ltd was set up a year ago by Eridge Capital Ltd to carry out investigations to support litigation activities. Then in December of last year ECL (UK) took over a company running a share commentary website from someone who had been appointed as a director of both Eridge Capital companies less than two months earlier. The website pushes NTOG (but not BST for some reason). It's now official that earlier this week BT bought the website owning company, Dynamic Investor Relations Ltd, from Eridge Capital (UK). That's according to Companies House but did Isas and Shardster know about this already from the recent update?

Stating "Will be" and "working towards" is not stating the same thing. And as for the IPA, that went out of the picture when the plan to build their own port got shunted out to the right.

Same board as IMMO although there they have the added integrity of N Lee from NEW, PLMO, PIRI and RGO.rather than N Burton from PLMO and NUOG. Same SP graph though and same sort of unproven business proposition to explain it.

I bet he's regretting letting Nick Lee convert £100k into BST shares and not just because of the abysmal SP performance and the rubbishing of founding management by its promoters. He could have used that money to go over 5% at NTOG and gain the extra shareholder rights. Oh and has anyone else noticed that NTOG has the same registered office address as BST and that Lofgran was a director of Paternoster when they bought their 8% in 2015? I don't think cynicism is a all out of place here.

Not really sure how providing factual input de-civilises a board but there you go. Or rather there I go, leaving you to your preferred delusional exchanges.

Barloprim: It might help if you read the RNS of 5 Feb 16: "In addition, LOG has the right to nominate a non-director observer to the Board." They are talking about this unnamed person, who isn't on the board despite what they say in today's RNS. More to the point I suppose is why Hendry is still on the boards of IOG, LGO and LPCL knowing what everyone now knows!

Great isn't it? As a LTH with a slice of a pot bought at 17p I'm pleased as punch to see this insider prompted surge. Just hope someone tips our Board the wink just ahead of when the time to dump gets called.

Looks like the noble lord Lucan, who is no longer missing since turning up at ANGS, has kicked back this morning. Question is; is he kicking both Lenigas and Lee/Kinane at the same time?

Yep, big discounted placing. Red Flag RNS: "The executive directors have, since 1 October 2018, agreed to defer 20 per cent of their gross salaries to preserve working capital."

Particularly since independent director Nicholas Lee says that 6p is a fair price for he other insiders to pay.

HS2 is an Infrastructure Project and Woodsmith is a fertilizer mine. Slipping Sirius, now largely devoid of its port and railway developments, £2bn of interest free credit would be unlawful if done under the Guarantee scheme. Too many people watching this for that to happen, hence the avoidance of committent by ministers.

Scotman, so it does. Tx

Sheps8 You say " today's RNS does not in any way whatsoever clearly or otherwise say they are drawing back from the Infrastructure Guarantee" whereas in the RNS thay say "This structure is designed to reduce both the risk and the quantum of any IPA guaranteed bond tranche to the taxpayer". Not "the" but "any." IPA Go it?

It's as if you heard it but didn't understand it. And as for pre-qualification; that was then and this is now and today's RNS tells you quite clearly that they are slowly drawing back from the infrastructure guarantees.

http://www.legislation.gov.uk/ukpga/2012/16/contents

It doesn't use the time honoured "includes but is not limited to" in the Act. The more one looks at this the less appropriate this legislation seems to be applicable to the Sirius Minerals situation.

You have my vote. The up to £40bn of guarantees the Chancellor has provisioned for would be much better used to support Wylfa and Moorside nuclear power stations. That way there would be stuff to put back in the ground after the salt and coal have been extracted.

When a genuine poster suggests DYOR I usually do but as the Act and the Website seem to be in accord I think I'll stick with the website.