The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Voting ended 16:00GMT time and the counting began straight away, low votes than anticipated, good news for the current president! Can't see a change in power... Good news for FRX
DFS - next week yes
key to have the same president, ministers won't change too much. we have a much higher chance of getting permits earlier with the same president. change of president may delay things but i can't see the dynasty ending yet.
It's called a MOU, FRX will get agreement in principle which will detail the funds etc... WHEN the permit is issed then funds will make there way, IF funds aren't issued then no funds but i can't see the latter happening as the mine will boost togos economy! Now think before you type next time
He thinks he can get the sp to 0.35!! Christ! We have a ordinar share cap at 0.50! it won't go lower than that! Especially if we can't raise money anything under 0.50p! ITELLYA - i bet you never even knew that did you? Itellyathicko
Where's your 0.35?...oh, that's it, IT'S NEVER GOING TO COME. permits delayed you say?....again, where's this 0.35p you predicted? once president is seated, ministers appointed (most not changed if same president remains) then sign off of the permits! Ministers will be seated within 1-2 weeks after 25th!! Can't see permits being delayed. Oh...where's your 0.35?
you got a higher holding than me!! :( iellya is a tool.
can still sell few ks worth at 0.61.....i don't think the MMs know how to play this.. spread is awful!! looks forward to the next week! DFS - BRING IT ON!!!
so close to news...OUCH
FRX cannot raise below the Ordinary par value of 0.5p.....hence why the RNS stated funds at premium to current SP, which was around 0.50 at the time. I am expecting fudns to be raised through equity will in exceed of 0.50p could this be 1p? 1.50p? 2p??+ it may even be 0.80p! feeling good about this though..
yup..only shows up when price is down. The guy doesn't seem well, he needs to get help on a very serious note. will move up.
Don't lie....i have magic powers! I can see 9 hrs ahead.... 8:16am - 2 buys and 1 sell in already....price flat.
Trades over the last couple of days but first time MMs are taking chunk of my holding! Good sign!
mate..they were ready to take 2m off me at 0.60?? never had them willing to take aload off, max i got was 1m or so!
MMs will take 1.5m off me!!!!
"A share will have a nominal or par value: 1p, 10p, £1 or any other sum in any currency. And it is an absolute rule that a share cannot be issued fully paid for anything less than its nominal value – that is, it cannot be issued at a discount. A company cannot issue a £1 share fully paid for 99p or less. A company thus has no ability to issue free shares (but it may buy shares in the market and give them as free shares to employees, say, as part of an incentive scheme)." FRX have 0.5p Ordinary shares, therefore we won't see equity through finance below 0.50p. IT WILL BE ABOVE THIS FIGURE. So, it' s pretty damn clear we are at the bottom right now, waiting for the ride up.
DFS by the end of April Finance offer to follow after DFS figures have been looked at Permits for the mine end of June latest Elections in togo end on the 25th.
people ready my point below, they will realise how low we are. You cannot raise money through placing below ordinary shares par value. FRX – 0.50p. Hence why equity will be raised ABOVE current sp and last placing was at 0.50p. BOTTOM BOTTOM BOTTM atm
those worried about a placing below sp, take a ready of the following "A share will have a nominal or par value: 1p, 10p, £1 or any other sum in any currency. And it is an absolute rule that a share cannot be issued fully paid for anything less than its nominal value – that is, it cannot be issued at a discount. A company cannot issue a £1 share fully paid for 99p or less. A company thus has no ability to issue free shares (but it may buy shares in the market and give them as free shares to employees, say, as part of an incentive scheme)." FRX have 0.5p Ordinary shares, therefore we won't see equity through finance below 0.50p. IT WILL BE ABOVE THIS FIGURE. So, it' s pretty damn clear we are at the bottom right now, waiting for the ride up.
hmmm interesting but more chance of FRX lowering cost and getting some value for money with the new Nomad.