Member Info for ihowells

So AS is proposing to pay a 53% premium for Pires and dilute the sh*t out of existing TERN holders like ourselves.

So much for divesting the companies in its portfolio. Will it create value and pass the EGM? Let's see eh?

What level they raise at, if they do raise is impossible to compute at the moment. If you look at Sareum (SAR), when some HNWI invested they did so at close to the SP. The share rallied as it was a positive to get the company closer to market rather than just to keep the lights on say like ODX.

Hopefully AN can get great terms if needed from any II’s as they would not be able to buy sufficient in the open market without moving the price. Let’s see what lies ahead and I did a small top up at 143 this morning.

Ah sorry my misread so the £7m is extra firepower for FundamentalVR to drive the business forward. Having a new investee in it, along with a drop in ownership by TERN to 20% is nor. I guess it depends on the new investee, undisclosed so far, what they bring to the table and hopefully not just cash. Time will tell.

Increased firepower? In what way?

Exactly! The muted response I fully expected after the same thing with another holding SAR. MM’s pulled the bid down to 138 (6.9) in old Monet effectively from 7.3p yesterday ro try and suck in cheap stock. No shocker there.

Well the golden ticket office is selling returns at £1.50 With the bid at £1.38 so 6.9 in old money. It will need a few days for it to settle down but am not expecting £2 by the end of the week.

A bit disappointing that our holding has gone from 26% to 20%. I hope there will be no reduction in our holding going forward. MM’s having early fun by widening the spread.

I just did a small top up at 6.35. I wanted to add to my spread bet position to reduce my average but IG is “closing only”sadly.

They thought the Denny burgers were better over there so fancied a visit…..

Sorry forgot that thumbs up emoji doesn’t work on here….

Yes am registered. ??

Nice top up call a few weeks back on AGL after FDA clearance today Bojo.

Am in from 72p area so fantastic news for holders but cancer sufferers going forward.

Fantastic news. Will try to get into webinar later today.

Yet to start for me.

I agree it was a good presentation and my question on inflationary costs on the Araguaia build was answered succinctly. A small disappointment was on the DFS for Vermelho, only being released around Q1 2024, when we start mining Araguaia. Was hoping it might be sooner but they are doing additional works alongside the study so what will be, will be.

Yes down 7% already and some decent sized round number sells. Just have to hope it’s the 3p warrants still flushing through?

Yes I agree. When Ella the fella turns up you get a whiff like you’ve stepped in some dog sh*t. Most of us held firm in our convictions, but how many sold out on the back of its lies?

Had a home emergency during theZoom chat sadly. Am sure there will be a good synopsis on ARCM chat. Sounded positive from what I heard.

I will be listening to the webinar so will make some notes to attach. JV was always more the expected type of deal so will be a slow burner to the SP as opposed to an outright sale. Glad to see you’re onboard Bojo.

Yes I agree, as they have only drilled 10/of the permit and it includes ore to a depth of just 3m. They know it goes deeper so can only get better. Will be great to get the show on the road with the relatively low Capex of $37m.