Member Info for johnpwh

Well its good news in the sense that the company will continue, but a lot more so if you are a cinema goer than a current equity holder. Once all the refinancing has gone through and the dust settled it may well be worthwhile becoming an equity holder. Its just not great news for anyone who is already a LTH

Awesome
Having had a quick read I agree. There is a rights issue with no mention of a new class of equity. So I assume what is being proposed is a massive dilution in lieu of debt. Since this is pretty much a done deal I would have thought that the SP would otherwise be even closer to zero

I am not a holder, long or short, and so have no axe to grind but look at the SP graph. Its a falling knife. Either sit it out or leave it to bottom and commence rising before buying. We have no definition of what is a windfall tax, the rhyming slang chancellor will simply tax any profit on North sea assets. And gas prices are a shadow of their prior peak.

mrc_mrc
I have to agree. After selling the last of my shares in late November I have been watching the SP wondering about buying a new position after a 40+% drop. Sadly this RNS does not encourage me to do this, especially in view of the lower oil price when our government have failed to define 'excess profits'. Effectively there is no tax on excess profits it is simply a hike in overall Corporation Tax rates which will disproportionately affect predominately UK producers.

No alternatives have surfaced, I'm surprised that the SP is above the bid price. I never was very good at this game!

So much for the great recovery specialist.

Yes Claret, I noticed. Its probably the same idiot with several aliases.

Nice to see a positive SP reaction to this. The drift has been concerning.

All I hope Foz is that this inaugurates a new dynamism that we haven't seen for some time. Else it will just drift back again.

Don't know Foz. That's the trouble no one on here does, we are just guessing.
We now have some substantial shareholders, and like you I cant see them sitting around which the Board go back to their tea and biscuits. Looks like far more sense for the like of AMG to mount a takeover then form a JV with a mining operation. At the end of the day having the stuff in the ground as European production takes off is no good for them, they need progress in extraction.

Hi Foz
Pleased at long last that something is happening. The new investors will not just allow endless reissuing of the same presentation telling of the potential while no progress is made. Personally I think this is heading for a takeover, as Zinnwald is still strapped for cash.
Though in the red as I expect many are, I am going to run what remains after using this mornings rise to have a bit of a trim to balance my CGT books (only a few days left to so). GLA

Thanks DJ, and to yourself.
Van, thanks for the effort in that round up

Thanks TT
I'm pretty much sure that no one here will see a brass farthing of their investment back no matter if the amount is recovered or not. Expect Gilbert & Co. will do ok though.
In case you think I am taking my dislike of Gilbert too far, then fair enough. However I have plenty of vitriol left.

No more on this so we can assume the defendents aren't paying the £383k damages and moron Gilbert ****ed £454k costs up the wall. Anyone agree?

Tick Levi.
On ADVFN they were running a lottery to predict the 2023 high and YE SP. I fear some will be (very) disappointed.

If you want to depress yourself Levi work out how much the 'lost' 26.5% income from Kiziltepe would have grossed in profit, since whenever if was in 2020 that the new JV split came into force. Bearing in mind that the operation there was by then up and running, and the construction loan paid off, so that the new JV partners input was 150% of the cube root of the sum of sod all and jack **** (I expect that to be censored) to its success. Compare that to the part capitalisation AAU received on lieu. Preferably sit down before doing so with a stiff drink within reach on a side table.
The board has strength on the technical side, but imo It is not up to running the commercial operation, particularly a quoted one involving shareholders.

Have mine with iWeb, no auto reinvest of the cash yet

As they say Van, this Board has lost the room. Or, as far as I am concerned, the real credibility they had with investors about 4 years ago has. They don't seem to want to answer to their shareholders who seem an annoyance.
The companies income is sinking dramatically, future income receding into the distance with no certainly of when, even if, it will materialise. Today I am wondering why I am not following DJ and exiting stage left.
This is not a £half billion company by any stretch, its hard to see it as a £50m one at present.

Me too root
I think there could be a counter offer, although I admit this isn't one of my better researched companies. I sold even though the market appears to be thinking a counter offer is possible. But if that happens it will likely be a handful of pence more, and will take months to conclude .So for me I'd rather move on, but each to his own.

I suspect this one is going to go down well also.