Member Info for johnpwh

Ha ha, you'll fit in well on this board. Its the land of typos

Apart from takeaways foz

If BCN delists then you will hold shares in a private unlisted company. So unless that company re lists (which they say explicitly that they wont) then you may not be able to sell your shares unless the company makes some special arrangement available. You will be able to sell your shares in the market until delisting occurs, but that will be at the then market value, it wont be on the terms of the offer. You will however get the ZNWD distribution (if made) as that is a dividend so will be given to all Shareholders.

splatted
Think you are being a bit harsh on Brown, in all ways preferable to Blair, one of the worst (if not the worst) PMs ever. Brown sold Gold at the market price - very easy to critisise with benefit of knowing what happened to PoG afterwards. PoG is $1800 at the moment, would you like to tell me what the price will be in a years time? $1500? $2100? Also Brown kept us out of the single currency, so we have a great deal to thank him for

Careful Cliff. I had a frustrating webchat with iWeb today which I wasn't convinced by. If you look in the latest RNS it gives a telephone number for some institution called Link to ring if you need help....so I did.
I asked them if you made a new investment now could you immediately vote to accept in respect of those new shares, when you already have a vote in from a past holding. I thought the answer would be a no brainer yes as the timetable is suspended and we haven't past any 'x' date that I can remember. However after being left listening to Greensleeves 2 or 3 times which they tried to bottom the answer out we never got there! Even they said it was very hard to understand. Obfuscation....you heard it here first.

DJ
Is that sad perv still posting here? I wondered which of my many filters it was.
Hate to think of him wasting his time, just a green message to me

Or simply 1 tinnie short of a 6 pack;;;;
Is it beer o'clock yet?
Interesting SP drop. Any ideas?

Another question. If someone bought BCN shares today, either as a new shareholder or as an existing one, would they be able to accept the offer in respect of those new shares. ie divi up about 66p and receive 67.5p plus a (part) ZNWD share if the offer goes unconditional?

ta tomcat, I did admit yesterday that I had taken my eye off this a bit

Thank you for the analysis Stranger. Very valuable

foz, tomcat
Can you or anyone clarify the position with the long stop date.
If the Mexican permission is not received before the long stop date can that be extended? Or should it be 14 days before that long stop date, which is obviously quite close?

I agree that the (UK) Government will not intervene
Was thinking about the position of those holding BCN in SIPPs after my comment yesterday. If we have the >75%, <90% scenario, and the company is delisted, you can hold unlisted shares in a SIPP although its questionable that you would want to. You may have to find a new provided though as their own internal rules may prohibit such investments. ISAs cannot, I think, hold unlisted shares irrespective of platform That's what my research returned, sorry if (as I suspect) this has been covered before here.

Keep the faith was tongue in cheek DJ. Maybe I should have said keep a stiff upper lip old chap!
What really matters is what we believe the true health and prospects, or otherwise, of the company rather than what PG says about it. You could argue that short term the SP doesn't matter, at least unless a fund raise is being considered - and there is no evidence of need for that. I do think Tavsan development and possibly the same in Cyprus will have an impact in the next 18 months or so. Timescales and development at Salinbas .... wouldn't like to put a timescale on that at all.
As for the divi, I'm personally not too fussed when it is paid because that's just timing. If its not in my bank accounts then its in the companys bank account of which I'm a shareholder. When it goes xd its likely to knock the SP anyway.
Hope you are keeping well, I'm off to kip.

Cushty, TT, lovely jubbly

Hi Mr C
I always read your posts, and appreciate your passion. But sometimes you have to be pragmatic like our foz. This situation isn't fair, I totally agree, and we have been badly let down by a poor BOD who have fallen far short of what should be expected of a sizeable quoted company. But unless Mexican approval is refused this is logically over, it's time to move on.
John

Poor Burnley. Think they will be struggling this year.

Totally right LoB. There can be no critisism of company employees taking advantage of share option schemes, as indeed I have over the years. Frankly if they didn't I'd worry that that they were financially incompetent, and who wants a financially incompetent BOD?

Agree hamster
It seemed evident to me a month or more ago that PIs were just spectators here and that (eventual Mexican permission being obtained) that this was a lost cause. Hence I pretty much dropped out of the discussions with you great posters..
TBH I just want a conclusion, and never fancied being bound to a very powerful JV partner who only wanted the product not a profitable BCN.
We'll see, with no permission then we are back to GF at 28.9%. Depends how likely you see that possibility

Must admit my minds not been on this recently, but if they have 72.9% they are likely to exceed 75% soon as people won't want to be trapped in a non quoted company (and as I understand it can't then hold in an ISA or SIPP anyway, but that's just something I read on here). I think there is resistance to reach 90% but then again what do know! Still no sign of Mexican government permission.

GLA

dactions, TT,
Was in at about 10p maybe 4 years ago. I couldn't see it as other than a bargain. Then I saw that the most insignificant orders were being RNS'd, and watching interviews got the impression that CG was a very sincere, very likeable human being who was completely out totally out of his depth in the job so exited (no doubt at a loss). But always kept an eye open. I admit this is more gambling than investing, I think I have 100k shares, but its better than sitting in the pub drinking! The only hope imo is the legal claim, and the hope of the compensation being met in full is very unlikely. However even a negotiated settlement at a significantly lower level than claimed could provide a significant uplift in the SP.