Member Info for jammin86

Please don't wish for a takeover - go have a look at what's happening at shanta... absolute disaster, shareholders getting fleeced.

AIM will eventually die because of such shenanigans, I'd guess ppl with a lust for high risk will just flock towards crypto

Agreed, it thrives on (unfulfilled) promises, not actual news.

Id imagine it's always darkest just before it turns a corner. Most small cap companies fail, hum wouldn't be unique if it did!

I highly doubt they could buy 30% of available stock at 11.25p or whatever they paid... No point comparing the 10p against what they paid

I agree with a lot of what you said, but not with the last past: if they perform well from here I'm pretty sure all will be forgiven, since the price paid by CIG for their ownership stake will seem paltry relative to the rewards!

Mining is notoriously difficulty - something CIG probably recognise

Bushy what do these mean?

Also keen to know this.... And when can we vote?

I think CIG know the assets have value and are just going to takeover the company and replace Betts. They must know this will never make any money with him running the show

I think this is whole point of the takeover offer. Freeze the price at this level, accumulate as much as possible at a level that would never be possible otherwise, and then if the vote is no, you've got more shares, and if it's yes, you've got all the shares.

Can't possibly lose. Absolutely scummy behaviour

We should know in a few weeks whether hum is going to deliver at Kou or not. Squeaky bum time for sure.

They have a great track record of delivering zero shareholder value, so they'll need to buck that trend in a few weeks. I expect further dismal news indicating that Kou isn't ramped up and that 200k in 2024 is a complete pipe dream, but I'm admittedly pessimistic after believing Dan's lies.

So you're certain the results will be good because they were bad last quarter...

How does that make sense?

If you're willing to own 100% at 13.65p, why wouldn't you want to own, say, 20% at 13.65p? Makes no sense to me.

The buyer wouldn't get voting rights but he does get more ownership which is clearly the aim of a takeover.

Is the logic that is only worth 13.65p to the buyer if it comes with control? Not sure I believe that. The buyer sees huge value at 13.65p and wants to own as much as possible at that level

I've bought all I want already, thanks.

If I were the buyer offering to pay 13.65p for every share, I'd buy as many as I could at below 13.65p - anything else is completely illogical

Nobody expects great results because they've never issued great results. So you'd be guessing their form is going to turnaround.

I'm reminded of the commodity rout in the 2010s, where many "smart people" threw good money after bad and lost A LOT. It's an error to assume people with money don't also name grave errors when it comes up investing. The market humbles everyone

Poor logic.

If I were going to takeover a company at 13.65p, I'd definitely be willing to buy as many shares as possible in the open market, up to that price.

Worst case scenario the takeover falls through and I've accumulated a load of shares at the price I was willing to buy the whole company at!

Id wager that is become possible to accumulate more shares at 13.65p or below than would have been possible before the takeover was announced, because that much volume simply wasn't available prior

I assure you I am not looking for anyone's shares cheap - I can buy as many as I want for 12.95, more or less, and that's been the case since the takeover was announced.

Maybe if I wanted millions of pounds worth, I'd struggle? But I'm nowhere near rich enough to want enough shares for it to be a problem to buy any!

Yup. AIM liquidity is dying, and the UK economy with it, because of the repeated and ongoing shenanigans such as what transpired here.

You think the risks you're running are those related to gold mining, but actuay the "counterparty" risk can be much larger.

Agreed. If you offered me the 13.65 today I would take it without thinking twice and invest elsewhere. This is dead money at 13.65

Yeah it's very clearly dodgy af

It's the voting happening much later?

David, at what price would you exit?