Member Info for graham-wales

Still being kept within the range of 23-24p. Will need some positive news to get higher. If you can buy under 23p your doing well

Troaj fair enough lol

Troaj

Is 1% really good?

http://rainbowrareearths.com/wp-content/uploads/2018/05/Q1-Ops-Update-23.04.18-FINAL.pdf

Fair enough let’s see how next couple of months pan out

Hi 1GW

Many thanks for the 2016 will see what I can find. Have a look at this as it states a company can buy back its shares off market.

Any company may make an 'off-market purchase' of its shares by contract with one or more particular shareholders. The contract must be approved by an ordinary resolution in general meeting. Under the original legislation a special resolution was required, but this was amended by the 2013 Regulations. The shares must be cancelled when purchased or, again under the 2013 Regulations, may be held as treasury shares. An off-market purchase is also subject to the rules on finance mentioned next.

https://www.companylawclub.co.uk/can-a-company-buy-its-own-shares

wouldn't have thought the company and the Harrison brothers could agree a bilateral deal for the Harrison brothers to sell ahead of other shareholders.

Not sure what you mean by that, if the company want to buy back the Harrison shares is there anything stopping them from doing so?

Deferred shares buy-back

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(2,055)


Please correct me if i'm wrong. But thought this was the value of the buy back.

Reads in various ways quite confusing. My thoughts were that they have or will have entered into a contract to purchase the Harrison shares at a fixed price. There is a provision in the accounts for a share buyback at a price of around 34p.

The authority conferred by this resolution shall expire on the date fifteen months from the date of the passing of this resolution or, if earlier, at the conclusion of the next annual general meeting of the Company to be held after the date of the passing of this resolution save that the Company may, before the expiry of the authority granted by this resolution, enter into a contract to purchase ordinary shares which will or may be executed wholly or partly after the expiry of such authority.

Seems the only ones getting caught here are nervy holders

As I indicated earlier my guess was that the shares not in public hands are those held by persons/companies/directors involved with the company therefore not available to be traded. So on that basis take 13.4% from the total shares in issue and the remaining represent 100% free float to which institutions and individuals can buy. e.g 59.8 million less 13.4%. That's what my belief is could be Totally wrong lol.

https://investinganswers.com/financial-dictionary/stock-market/free-float-3579

looks like its on the cards folks.

and that in the event that the Company raises further funds, preference is given to repaying the Loan. It will be the Board's intention to repay the Loan as soon as practicable.

They will have to do a placing to re pay the loan, so you will get diluted but in the meantime directors get a nice 11% per annum bonus from the loan.

But directors are fleecing private investors here, just look at the number of director loans throughout the years. The SP keeps dropping and the only ones benefitting are the directors. Another scam company I'm afraid.

Take it those are delayed buys

May be coincidence but Unicorn are the major shareholder in TLY.

Check out shareholders

https://www.investegate.co.uk/bonhill-group-plc--bonh-/rns/completion-of-acquisition-and-placing/201808170801021284Y/

Correct me if I’m wrong but my thoughts were that 13.4% is the amount of shares not available to trade. Therefore take that amount from the total shares in issue which gives you the actual shares available to both institutional and private investors.

Wonder if they are mates of bob

Those spare shares didn't hang around for long, seems support has gone from 21p to 23p now.

So overall there were more buys than sells and 5% down. Amazing the what the scum bag market makers get up to when they got orders to fill.

On 16k shares. Whatever