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Looking to move into some minnow Au miners with strong fundamentals and Srb looks like a solid play. Question though, I bookmarked Srb years ago to watch and price was 4.65p...I guess there was a consolidation so what price is 68p in old money..cheers
Just enjoyed the interview. David is itching to blurt out the good news..a very happy bunny indeed. Bought these at 25p a while ago and stuffed in the bottom drawer. Long term hold that may breakeven sooner than I thought. Gla...
Too many unknowns at this juncture to justify a higher mcap perhaps? Gla.
I would imagine the suspension will endure until after the name change...gla
have many left @1.35p...tick up should be soon imo...gla
Agree Infinity, this had been pretty much dormant for quite a while prior to the purchase by Mrs. Gould on the 14th. Has Mrs. Gould awoke one morning and thought, " You know what, I think I'll buy 2.5m shares in that obscure microcap Upl that hubby is involved with". Possibly, but more likely imo is that something substantial is/has evolved. The other large buys could be related or could be investors following the money...either way, I think 2017 could be very exciting for Upl holders...gla
always like to see close family of Directors purchasing stock. I have no idea as to Mrs.Gould's financial health, however, £31k is a reasonable chunk. If the spouse of a Director ascertains value here, who am I to argue. Will buy later for a 1 year hold...gla
like a buy judging by the ask and bid at the time...
You're not wrong there aw, 2 x notification rns's and a very hefty buy popped up from Friday...various entities are more than happy to hoover these up...all very interesting. Got mine earlier, so happy to watch things unfold...feeling suitably confident. May take some more tomorrow..gla
Well done and welcome trotter...often the hardest thing to do is simply to buy and hold. A lack of patience has been the downfall of so many...good luck to all holders.
Metalgun, dude, reading your one-man ramptastic, rampathon over at reac, your cred is shot mate..lol
Appreciate you mentioning these yesterday sp7. I'm always on the lookout for stocks like this, but lack the time to track them down. As soon as I read the names and credentials of the heavyweights behind Mila, I knew I'd regret it if I didn't invest and get that crucial earlybird advantage. Once the "first acquisition" Rns drops it is often too late and at this mcap a lot of the risk and uncertainty is avoided...gla
Hmm..mcap must be at, or slightly below, cash in the bank now...
That's a good question regarding surplus shares being added to the freefloat. Although I think the shares are earmarked for institutions, it is an interesting thought exercise. It wouldn't hurt the liquidity to have more shares freefloating as I have highlighted trading peculiarities (bid, ask and spread anomalies) in the recent past which I'm sure are caused by the lack of shares available for sale. I'm not sure how surplus open offer shares would be added to the pot especially if there is a price differential i.e SP @ 13.25p and open offer shares priced @ 15p... Incidentally, my figure of 6.5-7.5m freefloat was incorrect, further research shows it at 5.51m exc's those held by pi's of course
I'm sure it is the latter...looking at the new Directors careers, tbh I am seriously impressed. I think TB was a good commodities related guy to have at the helm, but Hofgren and Johnson are in a different league, serious financial money men with more connections than the London underground. I'm convinced that the open offer shares are spoken for and think that TB has made good on his promise of delivering a blinding rto for shareholders....just love to know what it is!
Yes it is peculiar. The open offer was approved by the old BoD along with a couple of other resolutions i.e name change, in preparation for the incoming BoD. Imho, it is likely that the new BoD wanted these issues dealt with prior to acquiring the shell and the open offer is to allow known contacts and associates to purchase a major holding which wasn't possible before because of the minimal freefloat...
be glad to know ShatAim, that Acorn is main market listed and not the dreaded AIM :-)
Acorn is a clean cash shell with approx £3.6m cash and a freefloat of some 6.5 - 7.5m shares. They are currently in an open offer period and offering 66m shares @ 15p to interested sophisticated investors...
Mr. Graeme Scott Johnson serves as the President of Granite & Pine Investments. Mr. Johnson is employed at Kensington Investment Management, Inc. He is also Founder of Abu Dhabi Earth Observation Systems Limited. He served as Managing Director of Cordiant Capital Inc. He served as Managing Director at Kensington Capital Partners Limited, Deutsche Asset Management Inc. and Deutsche Bank AG, Investment Arm. He served as the Managing Director and Head of Europe in the Private Equity Funds Group at Deutsche Bank Group in London, U.K. While at Deutsche Bank, Mr. Johnson was responsible for private equity fundraising, structuring and investment activities in Europe and the Middle East. He served as Head of Business Development and Member of LGT Private Equity Investment Team at Castle Private Equity AG. Prior to being at Deutsche, he worked in similar capacities at Adveq Management AG and LGT Capital Partners and as a Director in the Private Equity Funds Group at AXA Investment Managers. Mr. Johnson served as a Director of Investment Banking at CIBC Wood Gundy Inc. and CIBC World Markets, Inc. He began his career as an Auditor with KPMG in Germany. For more than 15 years since graduation, he has lived, worked and invested on four continents as a private equity fund investor, co-investor and corporate executive. He serves as a Director of Abu Dhabi Earth Observation Systems Limited. He has been Director of Acorn Growth plc., since November 15, 2016. He has been an Independent Director of The Mint Corporation since July 05, 2014. Mr. Johnson is also a pro-bono Member of the Board of Directors of the Quebec City Conference as well as Co-President of its Global Investment Forum. He is a C.F.A. Mr. Johnson received an M.B.A. from the Harvard Business School in 1995 and a B.A. from the University of Western Ontario in 1991.