Member Info for Guvvi

We'll see - circular soon.

But you're suggesting that the people who voted for the waiver and all the resolutions recently are now not going to tender their shares? It seems unlikely but yes i'll hold out until the last moment too - might as well.

So if they get 90% or more of the voting rights then they can use 979/980 CA to buy our shares whether we like it or not.

No chance to stay involved even if you want to...

Roll on monday then.

Also in no place ever in life have i seen a first low offer be the best and final one a buyer is prepared to stretch to.

I'm just voting for the outcome i want. I re-used the phrase as it was thrown at me earlier, my motive isnt to bit off my own nose but i've voted no. I hope they do not get their resolutions passed.

By the looks of this board i'm in the minority and most people are now happy to just the money and move on. That's fine - i've no issue with that. I think this going into admin harms them far more than me and want better for independent shareholders.

Don't tell me what's understandable or not, i'm voting on whether i think this offer and the surrounding circumstances are acceptable to me. I paid money for a chunk of a company and voting rights and i'm entitled to vote how i like - reasons below.

Yes this has turned out to be a bad investment, i've lost money. But not because it doesn't have the assets but because we were strung along endlessly by a economically illiterate and delusional CEO for too long.

You talk as if you'd take any amount for the shares just because they're talking it down and it's ' better than nothing '. In that case you'd always vote yes anything now and i would not.

If you want the money i hope you get it, that's your right and i'm sure you'll vote accordingly. I'm laying out my reasons below and i think it's worth more than 2.67p and i don't want the same people who strung me along to get their money along with cushy Chairman jobs. They stand to lose far far more than me.

Happy to bite my own nose off thanks. I'll tell you why... I didn't come across a rubbish company with no story. It's actually half decent and about to probably get Dugbe sold and then at some point get Kouroussa going ( or the banks wouldn't have any interest at all ). I'm very angry i'm denied any fair shot at this after getting lumped with a board of total buffoons who have taken this opportunity from me and given it to their lenders on a debt ridden plate. So yes if i can't have it neither can they.

I'm totally fine with this.

i trust the board, they've been right about so many things for the 4 years i've been here.

on a serious note i couldn't care less about what those ****roaches recommend.

My 1.4m shares just voted NO to everything.

I still hold every share and intend to vote no to the resolutions. As you say the holding is basically written off now and we don't even have a concrete offer from anyone.

Thanks Gallmat

I'd ignore whatever you read on that tab that quotes 10000% and 2%, utter rubbish. Do your own work and tell me what the company is worth and why and then you'll have your own answer.

If the company had invested its NAV 5 years ago in dividend paying stocks we wouldn't be where we are today. The growth would have been tiny.

It really is entirely up to you whether you invest here or elsewhere but JV has stated he is going to shift now from a less liquid NAV to a more liquid one when he can. If you believe him then i'd say this is pretty undervalued really.

Yep until people don't want to sell it won't go up, simple.

TheThinker - JV has said before he will only consider dividends when MAFL has a reliable revenue stream itself. At the moment it's got mostly fairly illiquid things that don't pay much by dividend etc so it's not on the table.

However this has been done quite well to grow the NAV steadily. If most of this NAV ( allowing for some leeway here ) gets turned into money that can be reinvested into more liquid holdings ( possibly large dividend paying miners ) i'd imagine the view will change. But so far this part of the journey hasn't been about that.

I expect it won't happen in time for christmas either i'm afraid.

Paper value is everywhere. I run a small business which isn't worth a thing until it's sold and I don't know what my house is worth either until i want to find out. I've no issue with a NAV and have my own view on it which is the job of everyone here i guess.

Agreed Davey Uk small caps are very unloved. But that's good as it means they're very cheap!

I mean these trades are making my point for me. There may be significant buying interest but there is also loads of people who want out at 11p therefore the price will not move. No manipulation at all i'm afraid.

We've had selling on results day. We've had selling just before that in reasonable volumes too ( i seem to remember 200k getting dumped on day ). I don't know why they're selling but i certainly don't believe the MMs are manipulating anything. It's an illiquid stock ( for now ) and the price reflects supply and demand ( for now ). If i want to sell some shares one day i'll have the same choice and i don't know what the spread will be but if its still quite illiquid then it'll be 10% or so or whatever for sure.

As such i'd like a slightly better price to make it more appealing i guess which is certainly the case now.

I'd rather this board didn't turn into one where people are just moaning about MMs, spreads, manipulation and the like. If people think JV isn't doing the right stuff then e-mail him and see whether you like the reply. Don't forget he holds a huge chunk himself, i highly doubt that he isn't working towards something suitable for all shareholders in the long run.

But hey i don't mean to preach people can believe what they like. I guarantee if anyone on here tried to buy 100,000 pounds worth of stock in a week the price will rise - there will not be any manipulation by the MMs. But maybe 100,000 pounds wants to get out at 10p who knows.

Respectfully I don’t care about MMs. I can either buy or sell on any day if I want to or not. Meanwhile JV is building up a portfolio of things with a value. I see value so I’m buying.

He’s already said he is going to start to monetise parts of the portfolio. Imagine if he has done that 2 years ago rather than now because people were frustrated with liquidity. He’s built up the NAV where he can for all the right reasons.

It’s no different to a leanly run private business, if you want to invest elsewhere feel free.

If you intend to keep buying and believe JV will monetise chunks of the NAV by next christmas then it's a good thing.

But yeah it's frustrating of course. On the other hand the results were much earlier than expected which is good to see. Perhaps getting it out early gives more time to promote it? Let's go with that!

Yes I managed to confirm Sharepad is wrong. The Humm IR got back to me to confirm he had not disposed of any and that it would indeed have triggered an RNS.

It wasn't a de-ramp Sharepad just says his holding is an ' ex-holding ' which might mean they've moved or whatever.

I'm very interested to see what the Executives here plan to do with their holdings as staying within the private business after it leaves the public domain is defo on the cards for me depending on the info provided.