Member Info for GingerHippo

"Nothing has changed since early May"

I strongly disagree with that.

We got first UK IM since then...

Https://tinyurl.com/c3cw5xbh

It is suggested that the GH can be developed in conjunction with the large-scale development of green electricity and be applied to the refining and chemical industry in the next step in the BRI member countries and also the CPEC Phase-II.

Https://twitter.com/OraclePowerPlc/status/1678668237402259457?s=20

Fitch upgrades Pak's rating after successful IMF deal.

Tomorrow is the 12th JCC in Beijing. There's a good chance of them discussing our Thar project.

FYI the loan to subsidiaries is not new, it's been there for years and years.

Wow that is a fantastic article.

Are you going to chuck it on Twitter?

"ever decreasing sp" he says.....

We're up 70% YTD my friend.

Past is past, but if you're going to look at the sp (instead of the fundamentals) you have to acknowledge that things appear to be looking up.

TAG will assume the obligation of the Buyers to pay SYME the remaining £2,000,000 of the Cash Quantum by way of a novation.

The TAG Amount will be repaid by TAG to SYME in multiple tranches, with the final tranche being payable by 31 January 2024.

No specific predictions from me, but worth noting the following:

AZ bought 925,000,000 shares at just over 0.05p in April. The price was almost triple that a month later.

AZ effectively bought just over a billion shares at 0.195 last week. So let's see what happens shall we.......

I don't think it's clear if it's a buy or a sell. Some sell prices were above 0.123 and some were below at around that time.

Re positive and negative posts getting slated, I think if more posters would stop participating in it and just post only what is relevant to the company, and not respond to posts about the posts, the board would be far better off.

I'm loading up.

Not 51M share though regrettably....

I believe 0.2p is practically nailed on as an absolute minimum, as I said over the weekend.

To spell it out: they have got rid of all their SYME shares for 0.195p a share, which TAG happily agreed to pay even though the share price is currently 50% less than that.

This is not something TAG were obliagted to do. They have chosen to do this because it's benficial to them (ie to AZ).

Gute nacht

I'm not confused at all. TFC are buying back shares (81%) in TFC for just over £14M.

To facilitate the deal, TAG agreed to pay £2M of that to SYME, in exchange for which they will take TJ/JC's shares in SYME. That means that TAG are effectively paying 0.195p per share. This is not something they need to do. TAG are not obligated to facilitate TFC's buyback. Get it?

Extrader, the point is that TAG don't have to do this at all. If TFC want to buy back their shares they can jolly well fund it themsleves. But AZ has found a way to use this to get more shares.

If TAG has an extra £2M knocking around and they want more shares, they could buy 50% extra on the open market. The logical conclusion is that they can't buy on the open market because it's a closed period.

Interesting that TAG is effectively getting those #SYME shares for a little under .2p.

Wonder why TAG don't just buy on open market for .13p...

I reckon we're in a closed period. Something's happening in the background.

Oh and he's willing to pay just under .2 because he knows that will be cheap by the time the closed period is over.

All IMO.

https://twitter.com/GingerHippo2/status/1675545510994640897?s=20

That article is here - https://tinyurl.com/mca8rcv3

btw, good news here. imf has agreed the bailout package with pak. about time too....

https://www.nbcnews.com/news/world/imf-agrees-long-awaited-3-billion-bailout-****stan-rcna91967

Paleface, we have a MOU from the Singh government for Thar. This is far better than the LOI we were waiting for. A LOI just means we have permission do go ahead. The MOU means we have permission to go ahead, AND the government will help us to do, up to and including providing financial guarantees.

Once again, this is the problem with ORCP. The market's perception of where we are up to does not match reality. We are so much further along than most seem to think.

We are getting some cash back:

The TAG Amount will be repaid by TAG to SYME in multiple tranches, with the final tranche being payable by 31 January 2024.

That's true, and there were legal fees on acquisition too, and legal fees on this reorganisation.

But if we paid £11M and are getting back £17.7M effectively, I think we've done OK, and hopefully TFC will grow and our 19% will grow with it.

It's the dilution that screwed us.