Member Info for jollygoodya

ceo stated drilling in coming weeks!

RNS 13/5/16:- John Teeling, Chairman, commented "We will use the funds raised to undertake the next stage gold drilling programme in Donegal. Details will be announced in due course but we would hope to commence drilling in the coming weeks."

out now, I hope. Top up time soon..

Morning am in.

Draft, have you tried the phone app for IG? pretty instant to load up on my phone.. Thanks for the heads up on market cap error on LSE.

Babbler, halifax and Iweb are same. Asked Iweb to add TJI but was told will take upto 2 working days!! So set up IG account in a few minutes and have funds ready and primed..

Cheers draft, appreciate it. The RNS looks pretty well written and the sums seem robust and market cap of only $5m odd according to LSE...

Hi Draft, Hope your well. Where do you see this heading sp wise all in your opinion of course. O tried to buy earlier but had no chance as Iweb do not transact on this share I found out! Opened an IG account jist for this! First thing I am in, but your help on some background would be be appreciated. Thanks.

missed out. Cant buy on iweb, does not exist??

Excellent post..I dont for one minute think that CEO will get this on the cheap. The Trading update talks about a strong start and also foreign currency exchange losses impacted management results. The reverse is true now. In addition the bad debt provision is just that, a provision and not a write off per say. There are independent directors holding shares as well as an external company utilico (I think) Plus I think the CEO maynot be that disingenious to put in a low ball offer. I think the sp held up well and fully expect a premium offer. AIMO

Based on my understanding of t/over panel discussion. If any party making an offer either individually or in concert acquired any shares in the preceding 12mths, they have to offer the highest price paid. Here no such transactions hence depends on what is deemed fair value.

Jolly S, am awaiting clarification from takeover panel (if they ever get back to me lol). Will post response. As I see it ceo owns 32%, but because he is connected, mandatory offer not required, however he has now stated intention and company in offer period. Changes the position. Looking to clarify this.

will surely apply? bid cannot be lower than highest sp in last 12mths which was over 50p and there is a large independent shareholder. Counter bid?

Art, remember not just independent directors, there is a signicant holder utilico who wont less this go cheap either..

Debt is hocus pocus m8. Am sure it will be recovered seems an opportune time to takeover before recovery. 50p imo.

IMO, not less than 50p.

Art good posts. Prob is how much is this worth? Takeover code states highest sp in last 12mths from offer period? So 50p?

This has surely got go up. CEO interested in taking over and he knows what this is worth. IMO a lot more than current market cap? Customer owe almost 3 times market cap! Personally dont believe that customers will not pay..

Peteb, 99% knew that afr was a lost cause and all 99% respect and appreciate the efforts that you and TR and Asog put in. I personally will not forget and thank you guys.. All this brings back raw memories and a lot of pain and anguish and money lost. BUT such is life and we have our loved ones and health. All the rest can be rebuilt and regained. Nothing to be gained by the past, except use it as a learning curve. Here's to good health buddy and ignore the noise, cheers :)

Thanks TR. Peteb, never mind m8. Beef should be with the ceos and directors of Afren and also bondholders. There was a lot of underlying corruption in that company. Bad management and not forgetting OP. Can't believe how any one else can be blamed. I would not take it to heart :) Rgds